From The International Herald Tribune (link):
The German engineering companies Siemens and ThyssenKrupp will supply technology to China for a second magnetic-levitation train – a ‚Ǩ4.3 billion high-speed link between Shanghai and the nearby city of Hangzhou – state media reported Tuesday.
The announcement came as Chancellor Angela Merkel of Germany was visiting Shanghai, where she rode the world’s first commercial magnetic-levitation, or maglev, line, which carries passengers between the Pudong international airport and the financial district at speeds of as much as 430 kilometers, or 267 miles, per hour.