Over the past decade, the rail industry has witnessed substantial intervention in the global rail marketplace from non-market economy foreign governments. Most notably, the People’s Republic of China – working through state-owned enterprises (SOEs)– has identified rail manufacturing as a strategic market sector and made clear their intention to dominate the global rolling stock market, presenting both national and economic security challenges. This presentation will focus on how federal lawmakers have responded to those risks, including a look at how recent legislation will impact any future procurement decisions involving federal funding.
1. Assess how China’s geopolitical objectives are shaping the future of the industry landscape
2. Identify the national and economic security challenges we’ve seen as a result of Chinese SOEs entering the U.S. rail market 3. Examine Congress’ response to these threats
4. Discuss what lies ahead for companies and agencies impacted by new federal policies
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