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China

High-speed train route 'to ease economic slowdown'

Small and medium-sized cities between Beijing and Guangzhou now have the opportunity to attract new business and investment, experts say

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Passengers capture the moment as they arrive to board the high-speed train for its first trip on the new route from Beijing to Guangzhou yesterday, with the journey expected to take eight hours. Photo: AFP
Stephen Chenin Beijing

The world's longest high-speed rail line, from Beijing to Guangzhou, has opened at a time of economic uncertainty on the mainland, with growth slowing due to a lack of new stimulus.

Scholars say the new line could inject much-needed energy into the economy, especially in the many mid-sized cities that missed out on the first wave of the development gold rush.

But that will depend on whether the central government can bear the huge financial burden generated by its construction and maintenance.

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Chen Tian, regional development geologist with the Chinese Academy of Sciences' Institute of Geographic Sciences and Natural Resources Research, said the Beijing-Guangzhou line, like other high-speed rail lines on the mainland, had attracted a lot of criticism due to its huge cost.

He agreed with the critics that the line would probably run at a huge loss.

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"But we need the line as much as a drowning swimmer needs a lifesaver, because transportation has become a matter of life and death for the economic development of many regions," he said.

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