Expressways of China

Economist sparks debate on tolls policy as roads jam

A prominent economist has sparked heated public debate by describing the lifting of all road toll fees during this holiday week as the stupidest policy ever.

Tuesday, 2 October, 2012, 4:54am

Mainland provinces plan building spree to counter economic slowdown

The mainland has accumulated a huge amount of debt in its spending on infrastructure projects such as this bridge. Photo: Xinhua

Hubei, Henan, Jiangsu, Gansu and Anhui provinces will spend 400 billion yuan (HK$491.3 billion) on infrastructure projects in the next few years, mostly on roads.

21 Sep 2012 - 4:35am

Briefs, September 17, 2012

Saudi Prince Alwaleed bin Talal

Record number of passengers at airport

17 Sep 2012 - 5:06am

At least 20 dead after tanker explodes in collision

At least 20 people were killed and 27 injured when a huge fire in Guangzhou, triggered by collision between a tanker and a truck, engulfed a timber mill and its staff dormitory yesterday morning.

30 Jun 2012 - 12:00am

HK-listed firms to feel pain of new road toll policy

Guangdong's new unified road toll policy, which takes effect today, is expected to hurt the revenue of the Hong Kong-listed companies which operate toll expressways in the southern province, including Hopewell Highway Infrastructure, NWS Holdings and Shenzhen Expressway.

1 Jun 2012 - 12:00am

Drop in transport funding may signal hard landing

In further evidence that the mainland economy might be heading for a hard landing, the Ministry of Transport warned that transport infrastructure funding faces difficulties this year, after investment in roads, railways and other transport infrastructure all fell in the first quarter.

24 Apr 2012 - 12:00am

Experts question need for speed in transport policy

Researchers from the mainland's top scientific institution have criticised some government officials' obsession with speed, calling for more resources to be allocated to the development of slower transportation.

28 Mar 2012 - 12:00am

Governments seek debt reprieve as road tolls cut

Local governments have asked Beijing to relax debt repayments for their highways, the indebtedness of which has caused the central government to slow down road construction.

2 Mar 2012 - 12:00am

Mainland cities in bid to get around market curbs

Cash-strapped mainland cities attempting to boost their housing markets are playing a 'cat-and-mouse' game with their bosses in Beijing who are trying to tame property speculation.

21 Feb 2012 - 12:00am

Jiangxi earmarks 100b yuan for expressways

Brushing aside concerns over the rising debts of local governments on the mainland, Jiangxi province is planning to spend more than 100 billion yuan (HK$123 billion) on building expressways by 2015.

7 Feb 2012 - 12:00am

13,000 police search for ex-officer turned killer

Authorities are offering rewards totalling almost 2.5 million yuan (HK$3.07 million) in a massive manhunt for a policeman turned violent robber who has been on the run for nearly eight years.

10 Jan 2012 - 12:00am

Road firm to sell 1.5b yuan in one-year bonds

Zhejiang Communications Investment Group, a state-owned road investment company, plans to issue 1.5 billion yuan (HK$1.84 billion) of one-year bonds this month, as heavy debt and cash shortages plague mainland infrastructure companies.

17 Nov 2011 - 12:00am

Expressway operators face crackdown on exorbitant tolls

Five ministries have launched a joint crackdown on exorbitant highway tolls on the mainland after state media accused operators of earning staggering profits and adding to inflation by pushing up transport costs.

21 Jun 2011 - 12:00am

Traders keeping an eye on gloomy world view

Hong Kong equities had another sluggish week last week, with the Hang Seng Index falling below the 22,000 barrier on Wednesday for the first time since September.

Erwin Sanft, deputy head of Asian equities research for BNP Paribas, sees signs of 'residual optimism' in this market, as the declines have been small and have come on low trading volumes.

20 Jun 2011 - 12:00am

Teens held after woman in car killed by stone

Police in Guangdong have detained three teenagers for allegedly hurling stones at vehicles on an expressway, causing the death of the young widow of a Shenzhen singer renowned for his dedication to the underprivileged.

18 Apr 2011 - 12:00am