BEIJING -- Lower-speed maglev train networks are springing up across China as the homegrown technology offers an economical urban transit alternative to subways.
Infrastructure developer China Railway Construction and global train-car leader CRRC are among the companies behind the rush. Projects are underway in several cities, from Beijing to Qingyuan in the south to Urumqi in the far west. Investments in the projects are expected to total around 60 billion yuan ($8.7 billion).
