Mexico abruptly revoked a contract for a high-speed passenger rail link from a Chinese-led consortium, which shocked Chinese market. ANBOUND research team points out that although the overseas investment scale of Chinese enterprises is increasing very fast, China still lacks real understanding of international market. China has a lot to reconsider in terms of its failure of high speed rail way projects in overseas market. Have Chinese enterprises done enough background analyses and risk assessments of target countries? Is it non-market factor that led to the failure of Chinese high speed rail way projects in international market? Do Chinese enterprises and government truly understand the rules of international market? Does Chinese enterprises' "go global" mode need upgrading?