General Electric (NYSE:GE) Partnering with China South Locomotive for High Speed Trains

China has made a big mark in the high-speed train sector in many parts of the world, and via China South Locomotive & Rolling Stock Corporation Limited, in partnership with General Electric (NYSE:GE), will be bringing the technology to the U.S. to invest in high-speed trains there.

The partnership will initially invest $50 million into the joint venture.

Bill Millar, president of the American Public Transportation Association, responded to the news saying, "It's very good they can find a world-class partner here in China to work with. I'm sure it will benefit both companies and both countries as a result."

China has been working on breaking high-speed train records in order to draw attention to their expertise in the sector and attract more deals and business.

China has the longest length rails in the world, with a total of 7,531 kilometers.

It wasn't clear how General Electric and China South will proceed in the U.S.