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China Looks to Slow Growth of Money-Losing High-Speed Rail

2021年03月30日 23:34 来源于 财新网
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New guidelines bar new railways to low-traffic cities, along already underused routes
A high-speed train leaves a railway station in Lianyungang, East China’s Jiangsu province, on Feb. 8. Photo: VCG

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.

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