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Siemens, Shanghai Electric Sign $3.5 Billion Deal on Turbines, Xinhua Says

By Bloomberg News -

Siemens AG and Shanghai Electric Group Company Ltd. signed a $3.5 billion agreement for research and development of steam and gas turbines, Xinhua News Agency reported today, without saying where it obtained the information.

To contact the reporter on this story: Zhe Huang in Beijing at zhuang37@bloomberg.net

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