China halts two high-speed rail projects.
Beijing, China: Two high speed rail projects have been paused by Chinaa government in its province because of the growing debtCiting local media, Nikkei Asia had learnt that last month, the work on a 270-km line connecting Jinan, the capital of eastern China's Shandong Province, and the city of Zaozhuang in the south of the province, was suspended.Earlier this month, the work came to a halt on three lines with a planned total investment of 71.6 billion yuan being built as part of a project called Guanzhong Chengji, which consists of 13 lines in northwest China's Shaanxi Province.China has relied heavily on high-speed rail and other infrastructure building to maintain its fast economic growth, however, there are concerns that resorting to such construction too often could lead to dangerous...





