CSR sets up UK subsidiary
Updated: 2015-05-16 01:02
By Cecily Liu(chinadaily.com.cn)
|
|||||||||
CSR sets up UK subsidiary. [Photo by Cecily Liu / China Daily] |
"As the world's largest rolling stock manufacturer, CSR has established a complete system for research and development and supply chain for rolling stocks. We are committed to providing green technology and whole package solutions to the world," CSR vice president Wang Jun said.
China's high speed train technology started to develop in around 2004, and has grown tremendously since then. Today China's annual average operation mileage for high speed trains is 600,000 kilometers, compared to an average of 300,000 -500,000 in other countries in the world, according to CSR statistics.
Wang said that CSR is committed to the UK market because the UK has stable political environment and open and impartial investment environment. As well, the country has profound intellectual and innovative resources, which CSR highly values, he said.
Wang said that he hopes CSR's growth in the UK will follow three principals. "Firstly, we want to devote ourselves to the UK community for win-win cooperation. In its history the UK has made tremendous contributions to the railway industry in the world and in China, so CSR as a global firm would want to employ local workers and to buy from local suppliers in the UK," he said.
"Secondly, we want to better integrate into the UK community. We want to become a local firm in the UK, and we want to become the owner and creator of local culture. We will also respect local culture and local laws and operate transparently."
"The third is to utilize all possible resources to generate fast growth, so that the firm will employ more local workers, contribute more towards the UK's economic growth and make more tax contributions," Wang said.
- Retro train on display to mark 80th anniversary of Moscow metro
- Ten photos you don't wanna miss - May 16
- Li Keqiang and Modi watch Taichi-Yoga show
- Tyson promises Ip Man fans an explosive fight
- Across America over the week (from May 8 to 14)
- Premier Li holds welcoming ceremony for Indian PM Modi
- Saved by a sunroof
- Unusual but true: Japan's bridge a nightmare for drivers
Most Viewed
Editor's Picks
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Patent applications lead the world |
BC lures Chinese tourists |
Today's Top News
Modi unveils visa plan to attract Chinese travelers
United States welcomes AIIB
China's will to safeguard sovereignty "unshakable": foreign minister
Boston bomber Tsarnaev sentenced to death for 2013 attack
Premier Li says talks with Modi 'meet expectations'
A bilateral treaty's potential praised
PBOC confirms debt-swap plan
US and Cuba to hold another round of talks
US Weekly
Geared to go |
The place to be |