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Shuli Ren

China's Rail Renaissance Story

CRRC will benefit from a renewed push for high-speed lines.
Xi'an-Chengdu High-speed Trains To Start Operation
VCG/via Getty Images

Five years after two high-speed trains collided in the eastern city of Wenzhou, China's railway companies are making a comeback.

It's not easy to find value after a 51 percent rally in the MSCI China Index during 2017. So lately, sell-side banks have been telling their clients a rail renaissance story. CRRC Corp., the world's largest maker of equipment for railroads, soared more than 20 percent in the last month, closing the first trading day of 2018 at an almost two-year high.