For Subway Projects, a Costly Ticket to Ride

(Beijing) – More urban transit projects have been added to China's economic development agenda as a deus ex machina solution in the face of slowing GDP growth.

Two years ago, local governments won permission for 22 rapid transit projects from the central government's National Development and Reform Commission (NDRC). The combined 882 billion yuan investment was touted as a shot in the arm for the nation's economy.