High Costs and Safety Issues Cloud High-Speed Rail Projects
(Beijing) -- China's massive plans to build high-speed railways could be revisited by top decision makers after the ousting of the Minister of Railways, Liu Zhijun. Sources told Caixin that since Liu was detained, the State Council has held several meetings to evaluate the financial sustainability of the project as well as its safety standards.
Projects that have already started construction won't be affected, but the rest might be delayed, said Zhu Junfeng, deputy research fellow at the transportation institute of the National Development and Reform Committee.
- Hidden Anguish
- In Friday's Papers: IBM Workers Strike over Lenovo Deal; Ordos Will Stop Building Homes, Mayor Says
- A French Revolution, Please!
- Lianghui Quotes：March 7
- Egypt's Road to Rejuvenation Is Opening, Veteran Diplomat Says
- Scaffold Collapse
- The Siege of Tsingtao
- The Celestials
- Jilted U.S. Investors and Debtors on the Run
- Lianghui Quotes: March 6
- Sign up to receive our free daily newsletter
- Eyes on the Prize
- Electric Car Charging Stations Powering Down
- Zhou Family Was Influential in Jiangsu City before Corruption Inquiry
- The Logic of the Left in China
- Yuan Won't Overtake Dollar until Changes Are Made, Economist Says
- Caixin Explains: The 'Lianghui' Meetings
- From Tycoon to Target
- Gary Locke Expresses Optimism for Future of Sino-U.S. Ties
- Closer Look: So Who Stops a Run on Yu E Bao Accounts?
- China to Grow at 7.5 Pct and Focus on Reforms, Premier Says