Top man­u­fac­tur­ers show­case wares

China Daily (Canada) - - CHINESE TRAIN PROJECTS AROUND THE WORLD -

“rel­a­tively large scale”, which is likely to sur­pass the $40 bil­lion Silk Road Fund, he said.

China’s rail­way lo­co­mo­tive and rolling stock prod­ucts have at­tracted con­sid­er­able at­ten­tion at the Rio ex­hi­bi­tion. The coun­try’s lead­ing train­mak­ers, China CNR Corp and CSR Corp, both see Latin Amer­ica as a fast-grow­ing mar­ket.

The Changchun Rail­way Ve­hi­cles fac­tory, a sub­sidy of CNR, has won a con­tract to sup­ply sub­way trains to Brazil for the Olympic Games in Rio next year. The trains will be equipped with the lat­est air con­di­tion­ing units, al­low­ing them to op­er­ate in tem­per­a­tures as high as 56 C.

De­liv­er­ies are sched­uled to be com­pleted this year, and the first trains have com­pleted testing and been sent to Rio.

The com­pany said the trains will op­er­ate shut­tle ser­vices at speeds of up to 100 kilo­me­ters per hour on a line be­tween the Olympic

Lo­co­mo­tives

In­ter­city trains Vil­lage and the Copaca­bana Games cen­ter. CNR also de­liv­ered sub­way trains used dur­ing the World Cup soc­cer tour­na­ment in Brazil last year.

CSR has ex­ported diesel lo­co­mo­tives and freight trains to Brazil and other South Amer­i­can coun­tries, in­clud­ing Colom­bia, Ar­gentina and Venezuela. CNR and CSR are still un­der a merger process that is ex­pected to cre­ate the world’s big­gest train­maker by sales.

Mean­while, Chery Au­to­mo­bile’s fac­tory in Brazil will start op­er­at­ing by the end of this year, and new-en­ergy buses pro­duced by China’s BYD Co have also en­tered the mar­ket, ac­cord­ing to Xin­hua News Agency.

BYD will open its first fac­tory in Brazil this year. It will pro­duce bat­ter­ies and so­lar pan­els and as­sem­ble elec­tric buses with im­ported parts.

Zhou Mi, a re­searcher at the Chi­ne­seA­cade­myof In­ter­na­tion­alTrade and Eco­nomic Co­op­er­a­tion un­der theMin­istry ofCom­merce, said­com­pa­nieshave raceda­headin ex­plor­ing the Latin Amer­i­can mar­ket.

It has be­come in­creas­ingly im­por­tant that China do more to reach in­ter­gov­ern­men­tal agree­ments on set­ting up sys­tems to re­al­ize in­vest­ment and to pro­vide more in­for­ma­tion to com­pa­nies, he said.

Th­ese sys­tems could help Chi­nese com­pa­nies to lower in­vest­ment risks, and com­pa­nies would be more will­ing to set long-term goals and take greater re­spon­si­bil­ity, such as mak­ing projects more en­vi­ron­men­tally friendly, Zhou said.

China has signed free trade agree­ments with Peru and Chile. A fea­si­bil­ity study is be­ing con­ducted on a free trade agree­ment be­tween China and Colom­bia. Wanyan Wen­hao this story.

con­trib­uted

to High-speed EMUs*

Saudi Ara­bia

Ethiopia

EVARISTO SA / AFP

Chi­nese Pre­mier Li Ke­qiang and Brazil­ian Pres­i­dent Dilma Rouss­eff speak dur­ing the sign­ing of agree­ments at the Planalto Palace in Brasilia on Tues­day. Li and Rouss­eff wit­nessed the sign­ing of a se­ries of trade and in­vest­ment deals on Tues­day worth tens of bil­lions of dol­lars, of­fi­cials said. The Chi­nese pre­mier is on a three-day of­fi­cial visit to Brazil, where he be­gan a Latin Amer­ica tour in­clud­ing Colom­bia, Peru and Chile.

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