— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News
China’s ambitions to become a top leader in the railway industry is threatening U.S. national security, according to industry experts and lawmakers.
Chinese rail manufacturers have been able to expand quickly globally due to Beijing’s government policies and heavy subsidies.
One company in particular, the state-owned rail car manufacturer China Railway Rolling Stock Corporation (CRRC), has racked up several contracts in major U.S. cities in recent years.
Concerned that the partnerships could pose security threats, a bipartisan group of U.S. senators recently sought to address the issue with new legislation.
Source: US Experts, Lawmakers Highlight China’s Threat to US Rail Security