The impending merger of China's top trainmakers, China CNR and CSR Corp, will end the harmful price war between the two companies in overseas markets and give the merged entity a clear edge over other global peers, industry experts said on Tuesday.
 The government has ordered the merger of CNR and CSR into one company to fuel robust growth, according to a Bloomberg report on Tuesday.
 Both companies had suspended trading in their shares in Shanghai and Hong Kong stock exchanges on Monday and said they would make a major announcement within five working days.
 Wang Mengshu, an academic at the Chinese Academy of Engineering and an ardent supporter of the move, said the merger is not just about making a change, but a step to prevent unhealthy competition and aid the further development of China's rail and relevant industries.
 Bloomberg reported that details of the transaction are yet to be set, with China International Capital Corp said to be drafting the plan for merging the two companies' listed arms.Â
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The impending merger of China's top trainmakers, China CNR and CSR Corp, will end the harmful price war between the two companies in overseas markets and give the merged entity a clear edge over other global peers, industry experts said on Tuesday.
