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Chinese train maker CRRC s withdrawal from a Bulgarian train tender adds to the evidence suggesting the EU side has wielded the Foreign Subsidies Regulation (FSR) as a new tool to deter foreign companies, coercing them into withdrawal and subsequent business exclusion, the China Chamber of Commerce to the European Union (CCCEU) said on Tuesday. ....
Trade openness and liberalization are the cornerstone and starting point of the EU, and they should be more loyal to economic globalization and fair competition. It must be said that some people in Europe are now going too far in adopting protectionist measures against China under the banner of ....
The Rail Bus, a pioneering mode of transportation originating in Zhuzhou, China, is a groundbreaking discovery. Introduced by the Chinese manufacturer CRRC, this self-driving vehicle, resembling a train but without tracks, completed its inaugural journey in 2017. The Rail Bus seeks to revolutionise traditional concepts of buses, trains, and trams. The design of the Rail Bus was presented to the public in June 2023, and remarkably, within a span of fewer than five months, CRRC initiated testing on October 30, 2017. Covering a 3-kilometer route with stops at four stations in Zhuzhou, this marked a significant milestone in transportation evolution. ....