China has built 4,000 miles of high-speed rail for its own train system and President Barack Obama issued a pledge in November with his Chinese counterpart, Hu Jintao, to cooperate in developing the technology.
Wang Zhiguo, a deputy railways minister, said, "We are organizing relevant companies to participate in bidding for US high-speed railways." He said state-owned Chinese companies already are building high-speed lines in Turkey and Venezuela.
Targana reports Beijing plans to construct a 25,000km high-speed rail network by 2020 in a $300 billion project it hopes will spur economic and technological development. A new line linking the central city of Wuhan with Guangzhou near Hong Kong on China’s southern coast is billed as the world’s fastest at 380 kilometers per hour.
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