Bringing together state-owned enterprises to compete on the international stage is a complicated procedure that requires fresh thinking and great technical know-how. The merger of China South Railway (CSR) and China North Railway (CNR) in 2015, resulting in CRRC Corporation Limited (CRRC), heralded a new round of restructuring and reform of Chinese state-owned enterprises. Benefits include speeding up the transformation and upgrading of these companies; strengthening scientific and technical innovation; boosting management’s efforts to enhance the quality and efficiency of its core enterprises; and helping those enterprises to grow and […]
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