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China To Merge High-Speed Train Makers To Cut Competition
hackingbear writes China has two high-speed train makers, the China Northern Railcar Corp. (CNR) and China Southern Railcar Corp. (CSR). Despite both being state-owned companies, the two are really competing with each other in the international high-speed train market, undercutting prices. Now, the Chinese government is set to fix that by asking the two to merge. [More details in a paywalled article at the Wall Street Journal.] Such a deal also would raise questions about China's determination to enforce monopoly laws that have been under a microscope in recent months as foreign companies including dairy makers, car makers including Volkswagen AG 's Audi, and technology companies Microsoft Corp. and Qualcomm Corp. have been investigated by antitrust authorities. However, as we haven't been complaining about China's low prices hurting our business, shouldn't China raising the price be good for other train makers?
What is a "high-speed train"? I live in the US and am not familiar with the term.
You are welcome on my lawn.
Damn right. If history teaches us anything it's that there is no waste or mismanagement in private industry. This is why no new products are ever invented because, if the market was there, the products will have been there since the need emerged.
Bombardier is from Quebec, Canada, so it's French-Canadian.
Even worse