China's CRRC plans to bid on a big Washington D.C. subway project as it dou...
- China’s CRRC plans to bid on a big Washington D.C. subway project as it doubles down on a charm campaign in the United States to quash a rising chorus of critics who have cast the rail car maker as a threat to cyber security and U.S. industry.
While there are no U.S. passenger-car builders, CRRC’s success has fueled a backlash by American freight companies, which fear the company will encroach on the country’s far bigger freight car market. Raising questions about whether China could spy on passengers if CRRC gets the D.C. project, the freight lobby helped U.S. lawmakers craft a bill that would prevent transit agencies from spending federal dollars on projects awarded to the firm.
The U.S. Department of Justice has been aggressively pursuing cases of Chinese espionage, elevating the issue to front page news and creating a fresh rationale to oppose CRRC’s bid for Washington D.C.’s 8000-series car tender in the military and intelligence hub of the United States.The Rail Security Alliance, a freight lobbying group made up of manufacturers, suppliers, and steel workers, formed three and a half years ago to oppose CRRC’s rapid expansion in the U.S. passenger rail market.
Bombardier, which benefits from a joint-venture with CRRC in China, has lost out to the Chinese giant in Chicago, but recently beat the company for a separate order in New Jersey.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China confirms economy czar going to Washington for talksBEIJING (AP) — China confirmed Tuesday its economy czar will go to Washington for trade talks despite fears he might cancel after President Donald Trump threatened to escalate a tariff war over...
Lire la suite »
China says trade envoys preparing to go to WashingtonThe move suggests negotiations may continue, despite a Trump tariff threat.
Lire la suite »
China says trade envoys preparing to go to WashingtonChinese envoys are preparing to travel to the United States for trade talks, a government spokesman said Monday, suggesting talks on ending a bruising tariff war will go ahead despite President Donald Trump's surprise threat to raise import taxes. Beijing is 'trying to get more information&
Lire la suite »
Four Possible Outcomes In This Week's China Trade TalksChina trade talks continue in Washington—and everyone in the market is watching
Lire la suite »
Here are the biggest stock-market losers after Trump threatens more tariffsChina is still sending a trade delegation to Washington, but investors panicked Monday morning.
Lire la suite »
US Navy destroyers sail near disputed islands claimed by China in South China SeaTwo U.S. guided missile destroyers sailed near disputed islands claimed by China in the South China Sea on Monday, the U.S. Navy says in a statement.
Lire la suite »
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
Lire la suite »
Huawei Has Taken Over Apple's Market Share In China; It Will Get WorseWait until Hauwei launches its own operating system. Then even Google will have a new rival.
Lire la suite »
Metro Bank’s rehab should start with the boardThe upstart lender’s deposits shrank in the first quarter and pre-tax profit halved after a capital blunder. Sliding shares make it harder to sell a planned 350 mln pound rights issue. A governance overhaul - starting with Chairman Vernon Hill - is vital to rebuilding confidence.
Lire la suite »
The No. 2 Metro bus connects the fantasies and realities of Los AngelesMetro bus No. 2 connects some of the city's richest ZIP Codes to some of it's poorest: 92% of riders are people of color. Columnist Frank Shyong rode it for a week. These are the people he met.
Lire la suite »