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Nation to support exports of railways, power equipment

China will announce policies to develop new export sectors that have a competitive advantage in technology, quality and service such as railways, communications and power plants, the China Securities Journal reported. The goal is to raise the country's standing in the global industrial chain. In addition, the country will promote the growth of foreign trade in areas ranging from the traditional manufacturing industries to the services sector.

New rail projects approved with value of $10.8 billion