BAI YUJIE and LU YUTONG, Caixin
April 1, 2021 00:30 JST
https://asia.nikkei.com/Spotlight/Caixi ... speed-rail
Accessed: 2021-04-04
China is introducing guidelines to limit new high-speed rail construction along underused routes as it seeks to drop projects that give short-term boosts to local economies but add to the huge debts of regional governments.
If a route is operating at less than 80% of capacity, then a second line should not be built covering the same route, according to guidelines released by the country's top economic planner and the transport authority on Monday.
The guidelines also say that new high-speed rail links should only be built to cities that already see more than 15 million total inbound and outbound trips per year.
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With the exception of the busiest lines between the biggest cities, such as the link between Beijing and Shanghai, China's high-speed rail network loses money.
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[E]xisting projects will be unaffected [...]
[T]he new five-year plan will also contain restrictions on new high-speed rail construction, said professor Zhao Jian, director of the China Urbanization Research Center at Beijing Jiaotong University.
https://asia.nikkei.com/Spotlight/Caixi ... speed-rail
Accessed: 2021-04-04
On basis of https://www.caixinglobal.com/2021-03-30 ... 82703.html
Accessed: 2021-04-04