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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources
China’s electric cars keep improving, a worry for rivals elsewhere
Air Canada reports bigger loss than market expectations as costs rise
Maersk raises full-year profit guidance after strong quarter