I work in rail safety. Two major non-Chinese train companies attempted to merge a few years ago, explicitly to build a company that could compete with China's national company, and provide safer alternatives to state-sponsored cyberhacking of Western rail.
It fell down to an anti-monopoly decision by a single person in the EU ministry, who killed the proposal. Several attempts were made to streamline the merger, but she wouldn't budge.
As a result, CRCC continues to win contracts abroad, largely (it is believed) by undercutting competition. IP theft is known to be one objective of their at-loss or low-profit contracts (I've been involved in fighting that, specifically).
It's hardly a stretch to imagine that having control of the rail in countries that might oppose you militarily is strategically huge.
This article is about busways, but the parallels are obvious.
It fell down to an anti-monopoly decision by a single person in the EU ministry, who killed the proposal. Several attempts were made to streamline the merger, but she wouldn't budge.
As a result, CRCC continues to win contracts abroad, largely (it is believed) by undercutting competition. IP theft is known to be one objective of their at-loss or low-profit contracts (I've been involved in fighting that, specifically).
It's hardly a stretch to imagine that having control of the rail in countries that might oppose you militarily is strategically huge.
This article is about busways, but the parallels are obvious.