Summary：On March 29, Chinese version of well-known American business magazine “Fortune” released the list of “TOP 50 Most Influential Business Leaders”.

On March 29, Chinese version of well-known American business magazine “Fortune” released the list of “TOP 50 Most Influential Business Leaders”. Zhao Xiaogang, Chairman of China South Locomotive & Rolling Stock Corporation, is selected on the list.

“Fortune” states, “The catastrophic accident last year led to controversy about the development of high-speed rail in China. For the same reason, CSR’s later 500-km/h “Experimental MU” did not usher in much acclaim. However, as the head of China South Locomotive and Rolling, Zhao Xiaogang has never doubted that the development of the railway will be an important engine of China’s economic development in the next five years. In the dialogue with the media, he mentions the development of high-speed rail in the United States is restrained by the mature aviation industry, while Chinese civil aviation, highways and high-speed rail complement each other. The development of railway is essential to reducing the high cost of logistics in China.”

“Fortune” magazine is subordinate to the Time Inc. of Time Warner Group. It mainly publishes research articles on economic problems and has profound influence in the economic sector.

On the released list of “Top 50 Most Influential Business Leaders”, Huawei CEO Ren Zhengfei ranks first, followed by Liu Chuanzhi, Chairman of Legend Holdings, and Zhang Ruimin, Chairman of Haier. “Fortune” points out that the business influence in Asia is shifting from Japan to China, and the trend that Chinese entrepreneurs will become an important force in the global business community is increasingly evident.