Zhao Jian News
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China will dismantle its rail ministry as the nation’s new leaders pare bureaucracy and battle graft in a department that has more than 2 million employees and a debt load larger than Denmark’s economy.
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Chinese travelers are using apps to cut in line as the nation’s train-ticket website strains under 120 million views a day in the run-up to the Lunar New Year.
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China’s Yunnan province is investigating a subway accident that killed a driver and injured the co-driver in a test run for a line set to open before the Lunar New Year holiday.
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Wang Hui says she doesn’t care about the money. She wants to know why her husband, Zheng Hangzheng, never made it home from a business trip on July 23.
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A high-speed train crash that killed 40 people in China last month “could have been avoided,” according to the agency leading the official investigation.
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China ordered a two-month inspection of rail safety and fired three officials after 39 people were killed in a high-speed train crash three days ago.
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The Beijing-Shanghai bullet train, opening later this month, will offer coach-class tickets for a less-than-expected 555 yuan ($86), boosting the threat to local airlines on their busiest route.
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Three-time Oscar-nominated Chinese director Zhang Yimou said he was shocked by allegations of funding violations for a video he helped produce for the rail ministry, which is trying to burnish its image after a crash last year killed 40 people.
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Ma Xiaojing will abandon airlines for trips to Beijing from Shanghai after suffering through delays that can triple the length of the two-hour flight. Instead, she will take the new bullet train.
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China’s state-owned railroad is increasing debt sales by 50 percent, driving yield premiums on its bonds to the highest levels in more than six months, as the world’s biggest high-speed network is rolled out.
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