China's Premier Li helps to push railway profits to new record

Hong Kong

ON HIS trips to Africa and other parts of the developing world, Premier Li Keqiang regularly touts the capabilities of China's railway companies. The pay-offs are beginning to show in record profits for the industry.

Four of China's biggest rail equipment and construction companies are poised for all-time high profits in 2014. With China's government seeking to export the expertise behind the world's largest high-speed train network, earnings are set to hit another high in 2015, according to data compiled by Bloomberg.

"China's experience in building rail networks, rail equipment manufacturing and operating high-speed rail networks…