WebSep 24, 2024 · The majority of China’s high-speed rail is reliant on debt financing, which led to CRC’s debt increasing almost tenfold from $70.70bn in 2005 to $4.72tn in 2016. This is part of a wider fiscal in trend, too – by … WebDec 24, 2024 · Chinese state-owned China Civil Engineering Construction Corporation (CCECC) and its parent firm China Railway Construction Corporation (CRCC) jointly won a US$2.2 billion contract to build the ...
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