Shandong released an ambitious railway construction plan at the end of last year, aiming to triple its high-speed railway network to 4,500km by 2022. Photo: Frank Tang

China struggling with slow progress on high-speed rail network expansion due to local financing problems

  • Construction of new high-speed link between Zhengzhou in Henan province and Jinan in Shandong delayed due to funding issue
  • Beijing’s policy moves to reduce debt and cut taxes are hampering local governments’ ability to fund new projects
Topic |   China economy

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Shandong released an ambitious railway construction plan at the end of last year, aiming to triple its high-speed railway network to 4,500km by 2022. Photo: Frank Tang
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