Domestic high-speed train tech now a global pacesetter

China's high-speed railways are attracting attention around the world for their state-of-the-art technologies using independent intellectual property rights.

In early September, South Africa's Standard Bank Group signed memorandum of understanding with China Railway Group to build a $30 billion high-speed rail network.

Russia, the United States, India and Brazil have also shown keen interest in China's high-speed rail technology.