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China's biggest bullet train producer revenue top of the world

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BEIJING, Aug. 4 (Xinhua) -- China South Locomotive and Rolling Stock Industry Group Corporation (CSR), the country's largest bullet train producer, reported nearly 40 percent surge in business revenue last year, the state-owned enterprises watchdog said Thursday.

According to the calculation of State-owned Assets Supervision and Administration Commission of the State Council (SASAC),the company's business revenue jumped 39.9 percent year-on-year to 66.8 billion yuan (10.28 billion U.S. dollars) in 2011.

The revenue dwarfed its Canadian rival Bombardier, to rank first in the rail transportation industry.

The company's profits jumped 60 percent to 3.55 billion yuan in 2010.

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