Wang Yongping News
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Wang Hui says she doesn’t care about the money. She wants to know why her husband, Zheng Hangzheng, never made it home from a business trip on July 23.
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China’s rail construction investment slumped 26 percent last month after a deadly high-speed train collision prompted officials to suspend approvals for new projects and impose more safety checks.
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Several high-speed trains in China were delayed yesterday because of possible signal problems, Shanghai Morning Post reported, citing an unidentified person at the Railways Ministry, more than a week after at least 40 people were killed in a railway crash.
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China rejected Japanese accusations that it violated patents for bullet trains, saying Chinese technology is more advanced than that used by its competitor, state-run media reported.
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China ordered a two-month inspection of rail safety and fired three officials after 39 people were killed in a high-speed train crash three days ago.
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Chinese rail suppliers, who helped build the world’s largest bullet-train network in less than a decade, may struggle to sell equipment overseas after two locomotives collided, killing at least 39 people.
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China’s Ministry of Railways removed Zhang Shuguang as deputy chief engineer and is investigating him for alleged “severe violation of discipline,” Xinhua News Agency said, in the second probe of an official from the ministry in a week.
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Shares of the following companies had unusual moves in China trading . Stock symbols are in parentheses and prices are as of 3 p.m. close.
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Ma Xiaojing will abandon airlines for trips to Beijing from Shanghai after suffering through delays that can triple the length of the two-hour flight. Instead, she will take the new bullet train.
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China CNR Corp. and CSR Corp., the nation’s largest trainmakers, jumped in Shanghai trading after a report that the government is planning to spend as much as 4 trillion yuan ($600 billion) expanding rail networks.
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