Caixin OnlineBusiness & IndustryTop Stories Industry City Subway Construction Decelerates in China
01.06.2012 15:53

City Subway Construction Decelerates in China

A golden era for rapid transit expansion is ending abruptly in China's cities, leaving railway builders and suppliers in the lurch
By intern reporter Wu Jing and staff reporters Yu Ning, Wang Chen and Zhang Yuzhe
 
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The signed contract in hand should have imbued the urban rail equipment manufacturer's executive with confidence.

Instead, the formal Shanghai Shentong Metro Group contract was a cause for disappointment: The document was worth no more than the paper itself.

Soon after awarding the contract in December, the city subway operator indefinitely delayed the equipment purchase and shelved plans to expand the underground's rolling stock by seven trains in 2012.

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