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Transportation

Beijing-Shanghai high-speed rail IPO to fetch up to $5bn

Proceeds will be used to purchase loss-making railway

Beijing-Shanghai High Speed Railway's service connecting the two cities is very popular.   © Kyodo

BEIJING -- The operator of a profitable high-speed rail line connecting Beijing and Shanghai will soon conduct a multibillion-dollar stock market debut that will help pay for the acquisition of a money-losing rail operator.

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