Caixin
Feb 26, 2016 06:56 PM

CRC Tightens Belt by Handling Train Upkeep Itself

(Beijing) – The indebted operator of China rail has started handling the maintenance of its trains on its own, dealing a blow to the company that had been handling the work, a person close to the situation says.

China Railway Rolling Stock Corp. Ltd.'s orders to handle upkeep on trains have slowed in recent years because the China Railway Corp. (CRC) is trying to cut spending, the source said. This had been one of the main sources of income for the train maker, he said, and would begin to cause it pain if it continued.

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