Thursday, November 4, 2010

China rides bullet train to Poland



Chinese railway firms are laying tracks straight to Poland, looking to sell high-speed train technology to the European nation.
A delegation of eight major companies from the high-speed rail industry are slated to visit Warsaw in mid November, the Ministry of Railways said.
Together the companies boast they have the technology needed to build a high-speed railway, including train design, train production, railway building and signal services.
Ye Juan, a member of the ministry's China-Poland Coordination Group, told the Global Times that the Warsaw delegation includes high-ranking officials from the respective companies.
"Therefore, during the promotional (meetings), it is possible that agreements could be reached," Ye said.
In a move that will likely sweeten the political atmosphere for the delegation's arrival, Chinese Vice President Xi Jinping arrived in Poland Tuesday to boost economic ties.
"Though our program is held separately, I think his visit could be favorable for our program," Ye said.
Demand for Chinese railway technology is growing in Eastern Europe, as the technology is reasonably priced when compared with German and Japanese rivals.
"China's economy is very strong now, and the technology is good quality and competitively priced," said Witold Prandota, minister counselor of the Polish embassy in Beijing.
Prandota, speaking to the Global Times yesterday on the sidelines of the China-Poland Investment Seminar in Beijing, put it simply, saying, "China's offer, from a professional point of view, is the best."
The eight company delegation heading to Poland includes the China Academy of Railway Sciences, the Third Railway Survey and Design Institute, CSR Corporation Ltd, China CNR Corporation Ltd, Huawei Technologies, the China Railway Construction Corporation, the China Railway Signal and Communication Corporation and the China Railway Group.
Earlier this year, CSR Corp went to the US state of California and bid on a high-speed railway project.

source: Globaltimes

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