China's railways

China fires railway officials for “trash” projects

Another scandal is testing investor confidence in China’s troubled railway industry, but one rail company is nevertheless pushing ahead with a $2.3 billion Shanghai IPO.
<div style="text-align: left;">
How China used to build bridges (Bilderberg)
</div>
<div style="text-align: left;"> How China used to build bridges (Bilderberg) </div>

China has fired at least 10 railway officials over a sub-standard Rmb2.3 billion $360 million construction project that involved bridges filled with trash instead of concrete, and builders without any relevant experience, including one team led by a cook.

The scandal has reignited criticism of China’s railway industry, which has been troubled by safety and management problems. China’s railways ministry dismissed three senior officials after a deadly train crash that killed 35 people in east China’s Wenzhou in July. A month later, the ministry sacked its spokesman, allegedly for giving “inappropriate” answers to the media.

The railways ministry has ordered the partial demolition and reconstruction of two...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222