The Briefing Room
General Category => World News => Topic started by: TomSea on August 13, 2018, 02:32:35 am
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China Actively Targeting Critical Infrastructure in US; Railcar Manufacturers on List
By Erik Olson
August 12, 2018 Last Updated: August 12, 2018
Labeled as critical infrastructure by the Department of Homeland Security, the manufacturing of freight railcars in the United States is an often overlooked but essential part of our nation’s transportation security apparatus. Businesses and government alike rely on America’s freight trains to transport upwards of 5 million tons of goods and materials across the country every day—from agricultural products and military equipment, to nuclear waste and hazardous chemicals.
This industry has been targeted in recent years by the Chinese regime, a focus that has major national-security implications for the United States. The China Railway Rolling Stock Corporation (CRRC), a Chinese state-owned rail conglomerate, actively is using Chinese regime-backed financing and investments to underbid global competitors by as much as 50 percent.
CRRC is by far the largest railcar manufacturer in the world, controlling upwards of 83 percent of the global rail market. It is more than four times larger than the entire U.S. rail-manufacturing sector and is using unfair financial advantages to pare its costs and import its own finished steel and rail products into the United States.
Read more at: https://www.theepochtimes.com/china-actively-targeting-critical-infrastructure-in-the-us-rail-car-manufacturers-on-list_2621975.html (https://www.theepochtimes.com/china-actively-targeting-critical-infrastructure-in-the-us-rail-car-manufacturers-on-list_2621975.html)
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Thanks Tom. Great article.
"This industry has been targeted in recent years by the Chinese regime, a focus that has major national-security implications for the United States. The China Railway Rolling Stock Corporation (CRRC), a Chinese state-owned rail conglomerate, actively is using Chinese regime-backed financing and investments to underbid global competitors by as much as 50 percent.
CRRC is by far the largest railcar manufacturer in the world, controlling upwards of 83 percent of the global rail market. It is more than four times larger than the entire U.S. rail-manufacturing sector and is using unfair financial advantages to pare its costs and import its own finished steel and rail products into the United States."
This is not Trade Free or Otherwise.
It's a foreign Govt run Scalping Party.