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China's subways 'are next on crackdown list'

Funding for some projects yanked as govt attempts to rein in frenzied construction and debt levels, says Caixin

Published Sun, Nov 19, 2017 · 09:50 PM
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Beijing

CHINA'S frenzied construction of subway systems in cities all over the country may be easing, amid reports that funding has been pulled for some projects as Beijing pushes to rein in debt levels.

The National Development and Reform Commission, China's top economic planning body, is revising a 2003 policy on subway development, Caixin reported on Saturday.

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