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China buying 100 high-speed trains

BEIJING, March 16 (UPI) -- The Chinese Railways Ministry signed a deal Monday to buy 100 high-speed trains for $5.74 billion.

The trains, capable of speeds up to 220 mph, will be built by CNR Corp., a state-owned vehicle manufacturer, China's state-run Xinhua news agency reported.

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The 100 sets of high-speed trains are to begin traveling between Beijing and Shanghai in 2011, when construction of a new railway is expected to be completed.

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