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Construction crew work to build an elevated base for the planned Shanghai-Hangzhou high-speed rail near Shanghai, China on 17 March 2010.  In just a few years, China has built the world's longest high-speed rail network, named China Rail High-speed (CRH), and continues to expand despite accusations of technology pilfering and safety concerns. On July 23rd, 2011, two high-speed trains in eastern China collided due to supposed malfunctioning in the signaling system, killing 40 and injuring hundreds, meanwhile a slew of corruption scandals at China's rail ministry has surfaced recently. The Railways Ministry's debts have ballooned in recent years. At the end of the first quarter its obligations totaled 1.98 trillion yuan ($307 billion), about 5% of China's gross domestic product.
Construction crew work to build an elevated base for the planned Shanghai-Hangzhou high-speed rail near Shanghai, China on 17 March 2010. In just a few years, China has built the world's longest high-speed rail network, named China Rail High-speed (CRH), and continues to expand despite accusations of technology pilfering and safety concerns. On July 23rd, 2011, two high-speed trains in eastern China collided due to supposed malfunctioning in the signaling system, killing 40 and injuring...
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