Opportunity OR Trap? India orders 39,000 Train Wheels For $20 Million ,China Requires Payment First!
#china #chinanews #railway #india
As the most populous country in the world, India has a staggering population of billion. To meet the travel needs of such a large population, it is necessary to have an efficient and complete transportation system.
In fact, India has built huge and complete railway facilities and equipment. As of 2022, the total mileage of its railway system has reached 68,500 kilometers, making it one of the largest railway networks in Asia after China.
However, imperfect railways and safety issues are currently the biggest challenges India faces in its development. The Indian railway system itself faces a complex set of issues, one of the chief challenges being aging and disrepair.
Due to insufficient funds and technology, many facilities of the Indian Railways cannot be maintained and updated in a timely manner. At present, there are still many problematic trains in operation, and the potential safety hazard is very serious. Hundreds of accidents, large and small, happen every year in India.
In order to improve the safety performance of trains, India plans to spend 20 million US dollars to purchase 39,000 new train wheels. But what is interesting is that this order was originally completed by Ukraine before it finally fell into the hands of China.
But to the anger of Indian companies, China raised the order price in the cooperation agreement and required Indian companies to pay part of the payment first. So, why does China require Indian companies to pay first? Did China Really Take Orders From Ukraine?
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