BEIJING (Kyodo) China’s Ministry of Railways has concluded a contract to buy 140 bullet trains from a Chinese train maker affiliated with Kawasaki Heavy Industries Ltd., sources said Monday.
In the deal worth about 45 billion yuan (¥604 billion), China will buy the trains that can run at 350 kph from Nanche Sifang Locomotive, which has a technology licensing agreement with Kawasaki Heavy, the sources said.
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