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Company in focus

World's largest train maker China's CRRC on uphill climb post-merger

With plateauing revenues and profits, state-owned group seeks opportunities abroad

SHUNSUKE TABETA, Nikkei staff writer | China

BEIJING -- As Chinese train manufacturer CRRC confronts slower growth in a maturing market at home, the state-owned company is setting its course on a new track.

"We are shifting our overseas strategy from zouchuqu [go abroad] to rongjinqu [melt inside]," Chairman Liu Hualong of CRRC, and of major state-owned enterprise CRRC Group, said in a recent interview with the Nikkei Asian Review. CRRC Group owns more than 50% of the Hong Kong- and Shanghai-listed core company, CRRC.

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