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1st Ld: China shares higher in morning trade

Xinhua, March 6, 2015 Adjust font size:

Chinese shares were higher on Friday morning on the strong performance of railway shares.

The benchmark Shanghai Composite Index rose 0.47 percent to 3,263.73, and the Shenzhen Component Index advanced 0.19 percent to 11,588.74 around 30 minutes after the opening.

China's top two bullet train makers China CNR and China CSR announced on Thursday evening that the country's state assets watchdog has approved their merger plan into a new company named CRRC Corporation Ltd.

Shares in CNR and CSR both opened higher on Friday and surged by 5.17 percent and 5.05 percent respectively 30 minutes after the opening Endi