SASAC Head Cheng Fubo Visits CRRC, Urges Smarter, Greener Equipment Development
Cheng Fubo, secretary of the Communist Party of China Committee and chairman of the State-owned Assets Supervision and Administration Commission of the State Council, visited CRRC Group on September 10, 2026 to review technological innovation, reform and development, and Party building. He called for advancing rail transit and clean energy equipment toward digital-intelligent, high-end, and green development, and for accelerating the building of a world-class high-end equipment manufacturing enterprise.
On September 10, 2026, Cheng Fubo, secretary of the Communist Party of China Committee and chairman of the State-owned Assets Supervision and Administration Commission of the State Council, visited CRRC Group to review the company's technological innovation, reform and development, and Party building work.
During the visit, Cheng Fubo said the company should focus on serving the country through industry and strengthening the nation through equipment, reinforce Party building as a guiding force, adhere to innovation-driven development, and better coordinate development and security. He called for taking both immediate and long-term perspectives, vigorously advancing rail transit equipment and clean energy equipment toward digital-intelligent, high-end, and green development, accelerating the building of a world-class high-end equipment manufacturing enterprise, and contributing more to building a modern industrial system.
Why this event matters
The event has a measured impact on 4 industrys. The strongest current signal is positive for Rail Equipment, with intensity 60/100 and 70% confidence over a medium term horizon.
Rail Equipment
- Direction
- positive
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
Wind & Solar Power
- Direction
- positive
- Intensity
- 50
- Confidence
- 60%
- Horizon
- Medium term
Wind & Solar Equipment
- Direction
- positive
- Intensity
- 50
- Confidence
- 60%
- Horizon
- Medium term
General Industrial Equipment
- Direction
- positive
- Intensity
- 45
- Confidence
- 55%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.