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
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China economy
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
The first US Section 301 tariffs on China began on July 6, 2018. Photo: AFP
One year in, US-China trade war is the ‘first sentence of the first chapter’ of a new superpower rivalry
- Donald Trump and Xi Jinping seem increasingly entrenched in their positions, 12 months into their bitter trade war
- Experts describe a ‘chaotic’ year, where widespread use of tariffs has opened a Pandora’s box on what was previously out of bounds in global trade
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US-China trade war
The first US Section 301 tariffs on China began on July 6, 2018. Photo: AFP