BREAKING NEWS

China unveils landmark rail line, shrugs financial worries

By REUTERS

JUNE 13, 2011 12:26

BEIJING - China will this month launch what it is touting as the world's longest high-speed railway built in one go to link the country's two most important cities, officials said on Monday, shrugging off concerns over financing and high debt levels.

Costing 220.9 billion yuan ($34.1 billion), the 1,318-km Beijing-to-Shanghai line's formal start marks the beginning of a massive effort to transform its sprawling rail network.

The spending spree will amount to 2.8 trillion yuan ($431.7 billion) between 2011 and 2015.

IDF begins advancing ground troops to the eastern neighborhoods of Rafah

By AMIR BOHBOT

05/11/2024 09:22 AM

IDF launched a wave of attacks in the Gaza Strip, including in Rafah

By AMIR BOHBOT

05/11/2024 07:42 AM

Trump's son Barron will not represent Florida at Republican convention

By REUTERS

05/11/2024 01:56 AM

Moody's left Israel's credit rating at A2, reconfirming negative outlook

By JERUSALEM POST STAFF