13 January 2019 Middle East

The Chinese Railway Market Has Lost Momentum And Will Not Grow Further Up To 2022

New study on the Chinese railway market by SCI Verkehr. The Chinese market for railway technology will remain at a high level over the next five years but will not grow further. Following large and heavily subsidised investments into new rolling stock in 2018 and 2020, the OEM market will decline after 2020. The negative development in the OEM market is compensated by the dynamically growing After-Sales market. Due to overcapacity, Chinese companies have to put stronger focus on international

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