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Caixin

As debt mounts, Beijing halts two high-speed rail projects

Fate of $20bn in new lines depends on outcome of 'deep' review

China has relied heavily on infrastructure projects such as high-speed rail to maintain economic growth  during slowdowns.   © Reuters

Beijing has ordered a halt to work on two high-speed rail projects with total investment of 130 billion yuan ($20 billion) in Shandong and Shaanxi provinces, signaling concern over growing local government debt.

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