From Bloomberg:
Siemens AG‘s contract to supply China 60 locomotives as fast as France’s TGV trains may herald billions of dollars of orders for global engineering companies, economists including China Securities Research Co.’s Hu Yanni said.
Siemens, Germany’s largest engineering company, will make three trains that run at top speeds of 300 kilometers (186 miles) an hour and help Tangshan Locomotive & Rolling Stock Work build the remaining 57 locomotives in a 669 million euro ($788 million) contract.
