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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Alstom boss says world should not buy Chinese trains: report AFP - Friday, January 2 BEIJING (AFP) - - Alstom Transport, the world's second-largest train-maker, is calling on nations not to buy Chinese-made trains, accusing the country of shutting foreign firms out of domestic bids, a report said Friday. Alstom chief executive Philippe Mellier told the Financial Times that China is also exporting trains with some foreign technology that was supplied on condition that it not be used outside China. "The (Chinese) market is gradually shutting down to let the Chinese companies prosper," Mellier said. "We don't think it's a good idea for other countries to open their markets to such a technology because there's no reciprocity any more." He said tenders for high-speed trains for a new link between Beijing to Shanghai included specifications that they be entirely Chinese-built and designed. "We're starting to see Chinese companies answering tenders around the world with Chinese freight locomotives, some of them being based on transferred technology," he said. As China upgrades its railway network and expands metro systems in major cities, it is consolidating its position as one of the world's main markets for rolling stock. China recently approved a two-trillion-yuan (290-billion-dollar) plan for investments in its railway infrastructure as part of a spending package aimed at lifting growth in the face of the global slowdown. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy TOPWRAP 1-China, India, Russia factories slash output, jobsReuters - 15 minutes ago SKorea swings to trade deficit in 2008AFP - 2 hours 46 minutes ago SKorean president vows to kickstart slumping economyAFP - 2 hours 50 minutes ago Alstom boss says world should not buy Chinese trains: reportAFP - Friday, January 2 Related Articles: Business Nokia CEO to favour profit over sales targets - FTReuters - 14 minutes ago TOPWRAP 1-China, India, Russia factories slash output, jobsReuters - 15 minutes ago Oil falls to below $42 a barrel in AsiaAP - 22 minutes ago CORRECTED - CORRECTED-Malaysian stocks pre-open session hit by technical gliReuters - 32 minutes ago Russian December oil exports rise 18 pct m/mReuters - 50 minutes ago Enlarge Photo Alstom boss says world should not buy Chinese trains: report Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Rare Bugatti untouched for 50 years could fetch millions: report NASA describes final moments of Columbia tragedy Hamas defiant as Israel rejects Gaza truce Actress Jennifer Aniston appears naked in GQ magazine Japanese tourist spends 3 months in Mexico City airport View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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