A giant Chinese trainmaker hits the buffers abroad
CRRC may refocus on its home market instead
LIKE MANY towns with an industrial heritage, the transformation of a factory that had stood derelict for decades into a shiny modern manufacturing site might seem a welcome development. But in Springfield, Massachusetts, famous for the rifles produced at its National Armoury, the arrival of a Chinese trainmaker has hit the buffers.
This article appeared in the Business section of the print edition under the headline “The red-train blues”
Business March 30th 2019
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