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China May Make First High-Speed Train Orders Since Crash

China may issue at least 38.4 billion yuan ($6.2 billion) of high-speed train tenders within the next two months, ending a more than yearlong hiatus following a fatal crash.

The government will probably seek bids for between 300 and 400 train sets, according to Hong Kong-based Citigroup Inc. analyst Paul Gong, who made the estimate after meetings with the nation’s two major trainmakers. Jefferies Group Inc. and Everbright Securities Co. made similar predictions. A set comprises of eight or 16 carriages.