Rail

Audit shows misconduct in Chinese rail project

Posted on March 21, 2012

BEIJING — A government audit of the high-profile $34.4 billion high-speed rail link between Beijing and Shanghai, which opened last year, showed evidence that deficient procurement and other practices led to higher costs, including one example where $134.3 million worth of materials was purchased from non-bidding suppliers, according to a Wall Street Journal report.

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