Spending on new rail lines declines
China plans to invest in more than 3,200 kilometers of newrailway line in 2016, including around 1,300 kilometers of high-speed railway, according to officials from the China Railway Engineering Corp, caixin.com.cn reported. It means that this year will see the lowest investment in newrail lines since 2011, a decrease of 66.43 percent compared on a year-on-year basis. which became the first Chinese developer to default on offshore bond coupon payments in 2015, said the project area blocked by Shenzhen authorities from sales dropped by almost two-thirds since November 10 and the area frozen by courts shortly after its financial difficulties became public has decreased by almost half. The authorities had blocked most of Kaisa’s Shenzhen projects since December 2014.