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SPEED
Finest Hightech from all over the Globe plus Chinese Engineering make Genuine Chinese Highspeed Locomotives
Source: Magazine “HuanQiu” Report, Feb 25
According to published material, presently China owns no less than four genuine Chinese power wagons for highspeed passenger trains: The CRH1, CRH2, CRH3 and the CRH5. CRH2 is jointly built by Nanche Sifang and Kawasaki Heavy Industries plus a few more Japanese companies, utilizing famous Shinkansen technology. CRH3 is a joint product of Tangshan Locomotive Works and SIEMENS of Germany. CRH5 is made by Changchun Coach Factory in cooperation with the French company of ALSTOM. CRH1, CRH2 and CRH5 are designed for max speeds well over 200 km/h, while CRH3 can cruise even faster than 300 km/h.
Foto: XINHUA Online News (Xinhuanet)
+++ Payment Risks on the Rise in
China and India +++
More and more European companies are doing business with China and India. While volumes grow, the risk of payment shortfalls is permanently increasing – especially in China. In 75% of all reported shortfall cases, the due date for payment was exceeded by more than 30 days. Payment terms have become much more liberal than before. Ten years ago, open terms in payments were almost unheard of in the then emerging marketplaces of China and India, while nowadays supplier’s credit is almost commonplace, as a Coface Study about Paying Custom in both Countries has just revealed. More info can be found at:
http://www.laenderrisiken.de/news/010909.php (Coface 01.09.09)
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