GCTL8.com (FocusAsia Media Ltd)

BEIJING, Dec 5 (FAM) – China Railway Rolling Stock Corp Ltd, the country’s railway vehicle and equipment exporter, will augment both overseas production and R&D to increase overseas sales revenue substantially while CRRC eyes 35% of sales from overseas markets as production units abroad gathering speed, Xinhua reports.

In 2015, CRRC’s overseas sales reached 26.57 billion yuan ($3.86 billion), up 67 percent year-on-year, and accounted for 7 percent of total sales. It is seeking to boost the figure to 35 percent by 2025 (that is, the end of the 14th Five-Year Plan).

 

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