CRRC project is completely unrecoverable
That's actually the question. Can the project be saved? Maybe that question cannot be answered by any of us, but going by our general knowledge and the way everything been presented by the latest reports, it looks like a more realistic outcome than any of us like to consider.
It's been floating in my mind that the situation was CRRC has checked-out. I avoided openly speculating this, but it is reaching a point to say these thought openly a thought that not from the Herald comment section. I have been worried that geopolitics mean CRRC realized they can never break into the North American industry and thus gave up on performing the "extra mile" of a quality delivery to win future customers - they're fated to not gain anymore contracts no matter the price or demonstrated performance.
But going by the newest news article, it sounds like something even worse. They've been dysfunctional while mixing in an even more scary thought. The contract has penalties but it sounds like they don't care - connecting some very speculative dots, but the apathy is not just acknowledging they have no future but also realizing they have no fear of loss - what loss to fear if Chinese portion is out of reach and the American portion is already written off.
Yet another reason NOT to buy rolling stock from a Chinese maker.
Brattle Loop already commented on the major flaw of your line. But I have to add one more thing that does bothers me a lot from the Globe Article - they said the MBTA "selected" CRRC. The MBTA choose CNR and it is notable that CNR has a history on the international level. And if evaluation is past performance vs price, then CNR are in the same performance league as Bombardier - but at half their bided price. A layman may find it suspicious, but again CNR has a successful history and that's suppose to be the real arbiter to gauge a company.
The unsaid part is there was a 2nd Chinese company that did also did bid. A company that implied to bid low but was judged poorly in multiple quality metrics that they were not just not chosen, but explicitly rejected - CSR (page 8).
...And a year after CNR was accepted, CSR merged with CNR and become CRRC. While I have no gauge or window to CRRC's internals versus CSR, the outcome seems in line to the expected results in a timeline where MBTA selected CSR. Then splash on the possibility that CRRC have no care and no fear as I already stated above.