China's railway equipment exports accounted for 10 percent of global market share in 2014, said Wang Xiaotao, vice minister of the National Development and Reform Commission.
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Total exports of railway equipment hit 4 billion USD in 2014 and major markets include Asia, South Africa and Latin America, said Wang at a press conference.
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"There is a global enthusiasm for infrastructure projects, particularly railway building, both in developed and developing countries, providing a good opportunity for China's railway firms to go global," added Wang.
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He said Chinese manufactures have built up substantial capability in providing one-stop solution and have obvious cost advantage.
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Costs of Chinese firms are at around "two thirds" of their global peers, said Wang.
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However, both companies have yet to win rolling stock contracts in the European market since the region has mature manufacturers and stringent requirements for market entry, according to a recent Moody's report.
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Asian players such as Japan-based Hitachi Ltd's Hitachi Rail and South Korea-based Hyundai Motor Co's Hyundai Rotem have been able to gain a slice of the market, according to analysts.
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Exports of China's equipment manufacturing industry stood at 2.1 trillion CNY in 2014, accounting for 17 percent of China's total exports in the same year, said Wang.
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Equipment exports in industries such as electricity, telecommunications, petrochemical and aviation showed a momentum of rapid growth.Â