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Wednesday, August 28, 2013
China's Equipment Manufacturing Industry Requires Breakthrough
ANBOUND

The result of new round domestic railway wagon tender showed that none of the private owned equipment manufacturer managed to secure any order. Some private owned companies complain that they are worse-off under the low price attack by the state owned manufacturers. The state owned train manufacturer try to maintain market pattern via vicious price reduction, however it is will hurt both state owned and private owned manufacturer.

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