Quotable quotes from the 2018 Boao Forum

Liu Hualong, chairman of CRRC Corp Ltd

CRRC is expected to roll out an "intelligent" train during the 2022 Winter Olympic Games, Liu said.

"The prototype train is 'smart' in all fields, from technology and design to automation management," he added. Its smart features and energy-saving capabilities will outperform the Fuxing bullet train, Liu said.

By 2020, the company will be on course to unveil a cross-border high-speed train service at 400 kilometers per hour that can alternate between different track gauges, facilitating outbound rail services in Russia and Southeast Asia, Liu said.