Analysis of the Strategy of “Going Out” of China’s High-speed Rail Industry

Abstract

In recent years, China has made significant advancements in high-speed rail technology. Its research and development capabilities have become increasingly robust, and its high-speed rail network now boasts the largest mileage in the world. While China's high-speed rail market is expanding rapidly, the country's high-speed rail industry is also actively seeking to expand into the international market. Although cooperation intentions have been established with many coun-tries, there are not many tangible cooperation projects. This highlights several drawbacks of China's high-speed rail industry, including limitations in technology research and development capabilities, management experience, and talent pool. Therefore, it is of great significance to study the development of China's high-speed rail industry, especially the implementation of its "going out" strategy. This paper discusses the opportunities faced by China's high-speed rail industry in "going global" under the background of the "Belt and Road" initiative. Secondly, it analyzes the advantages, challenges, and difficulties that China's high-speed rail faces in expanding its presence in the international market. Finally, scientific and reasonable suggestions are being put forward to address the challenges faced by China's high-speed rail industry as it seeks to expand into the international market.