China is introducing guidelines to limit new high-speed rail construction along underused routes, as it seeks to prevent projects that give short-term boosts to local economies, but add to regional governments’ already huge debt piles.
China Looks to Slow Growth of Money-Losing High-Speed Rail
New guidelines bar new railways to low-traffic cities, along already underused routes
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- A high-speed train leaves a railway station in Lianyungang, East China’s Jiangsu province, on Feb. 8. Photo: VCG
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