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The bullet train system quickly grew to be the world's biggest but has suffered embarrassing setbacks. After the Wenzhou crash, 54 trains used on the Beijing-to-Shanghai line were recalled for repairs following delays caused by equipment failures. Critics complain authorities have spent too much on high-speed lines while failing to invest enough in expanding cheaper, slower routes to serve China's poor majority. Beijing is rapidly expanding China's 56,000-mile (91,000-kilometer) rail network, which is overloaded with passengers and cargo. But it has scaled back plans amid concern about whether the railway ministry can repay its mounting debts. On Friday, the current railways minister, Sheng Guangzu, announced railway construction spending next year will be cut to about 400 billion yuan ($65 billion), down from this year's projected 469 billion yuan ($75 billion). A failure to expand rail capacity could choke economic growth because exporters away from China's coast rely on rail to get goods to ports. The rail ministry's reported debt is 2 trillion yuan ($300 billion). Analysts say its revenues are insufficient to repay that. That has prompted concern the ministry might need to be bailed out by Chinese taxpayers.
[Associated
Press;
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