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Economy

China pays a high price for world's fastest train

Breakneck pace of railway expansion leads to mountain of debt

China's "Fuxing" fast-speed train service between Beijing and Shanghai resumed operations at 350kph on Sept. 21, reclaiming the title of world's fastest train.   © Reuters

TOKYO -- When China recently reclaimed the title of having the world fastest train, it might have been a moment of national celebration. Instead, there were worries about whether the cost was worth it.

The "Fuxing" (rejuvenation) high-speed train service between Beijing and Shanghai returned to operating at 350kph on Sept. 21. For six years, it had been limited to 300kph following a crash in 2011 when two high-speed trains collided, killing 40 people and injuring about 200.

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