China to export high-speed train parts to Europe

A Chinese train maker said Wednesday it will sell components to German engineering giant Siemens, in what will be the first time Chinese high-speed train parts have been exported to Europe. The deal, reportedly worth more than 11 million euros ($13.6 million), will see parts including some aluminium-alloy car bodies shipped to Europe, said an official with the state-owned China CNR Corporation Limited. He said it marks the first time that such Chinese train parts will be exported to the continent. "(Siemens) will place more orders as long as the first order passes their checks," said the official, who declined to be named. "They are likely to make China a regular supplier of such parts." China has built the world's largest high-speed rail system from scratch in less than a decade, but the railway ministry has been accused of overlooking safety in its rush to develop the country's vast transport network. The Beijing News reported Wednesday that, according to an agreement signed in April, a subsidiary of the Chinese company was to produce high-speed train parts worth 11.55 million euros for Siemens this year. A Chinese train maker said Wednesday it will sell components to German engineering giant Siemens, in what will be the first time Chinese high-speed train parts have been exported to Europe. The deal, reportedly worth more than 11 million euros ($13.6 million), will see parts including some aluminium-alloy car bodies shipped to Europe, said an official with the state-owned China CNR Corporation Limited. He said it marks the first time that such Chinese train parts will be exported to the continent. "(Siemens) will place more orders as long as the first order passes their checks," said the official, who declined to be named. "They are likely to make China a regular supplier of such parts." China has built the world's largest high-speed rail system from scratch in less than a decade, but the railway ministry has been accused of overlooking safety in its rush to develop the country's vast transport network. The Beijing News reported Wednesday that, according to an agreement signed in April, a subsidiary of the Chinese company was to produce high-speed train parts worth 11.55 million euros for Siemens this year.