1. CRRC rail company breaks ground in Springfield, declares global ambitions beyond China merger | masslive.com

    CRRC rail company breaks ground in Springfield, declares global ambitions beyond China merger | masslive.com

    China's rail industry behemoth CRRC has its sights set on international expansion. The result of a merger between the state-owned companies China CNR Corp. and CSR Corp., CRRC instantly became one of the largest industrial companies in the world when it was created June 1. While most of its business is domestic, CNR has already made headway into international markets, winning a $566 million contract to build subway cars for Boston's MBTA in Springfield and a deal to modernize Buenos Aires' subway system in Argentina.

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