CNR and CSR Agreed Merger Terms on December 30, 2014.

CNR and CSR already have more than 90% of China’s domestic rolling-stock market, and the merger is intended to improve their ability to compete in the international marketplace. ‘The new company will increase its global market share and accelerate its internationalization’, the companies explained. The merger 'will avoid wastage of resources, improve the efficiency of investment, create a united strategy in overseas expansion and focus on gaining a more advantageous position in the international competition.’