BEIJING: A Chinese firm has signed an agreement to sell high-speed trains to the Czech Republic, its first deal with a member of the European Union, state media reported as Beijing urges its rail makers to expand overseas.
The deal will see CRRC Zhuzhou Locomotive—a subsidiary of Chinese rail giant CRRC, the world’s largest train maker—sell three trains to the Czech railway company Leo Express for 20 million euros ($20.9 million), China’s official Xinhua news agency reported Wednesday.
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