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North American Rail Supply and China: Why We Should Be Concerned
June 02, 2021
North American Rail Supply and China: Why We Should Be Concerned Written by Robert H. Cantwell
“Innovations change the world: This motto drives the more than 10,000 employees of CRRC Zhuzhou Locomotive Co. Ltd. (CRRC ZELC), our parent company in Hunan, China. Since 1936, CRRC ZELC has been constantly developing innovative technologies, vehicles and products for tailor-made transport solutions in the area of passenger and freight transport.” – CRRC
Caveat: I am a free-market capitalist who believes in the importance of trade to elevate global prosperity. I believe in comparative advantage, and how countries excel at the supply of certain goods and services, to the benefit of others. I now believe that there needs to be market boundaries, for the long-term health of entire industries and the well-being and security of our citizens.