Staff members stand at CRRC's booth at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee
CRRC Corp Ltd has launched a charm campaign in the United States as it seeks to secure a Washington D.C. metro car contract worth over $500 million, after roaring into the American passenger rail market by dramatically underbidding foreign rivals. At a House hearing on state-owned enterprises and rail, Phillip Washington, chief executive of Los Angeles County Metropolitan Transportation Authority, was asked by Arkansas Republican Rick Crawford if he knew CRRC was a Chinese state-owned enterprise “hellbent on conquering the rail market.”
CRRC was not invited to testify at the hearing, just weeks before the May 31 due date for bids for the Washington D.C. tender.
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If you're doing business with China, You better have a solid security set up and policy!!