China-U.S. Bullet Train Deal Derailed
(Beijing) – Nine months after announcing that a Chinese consortium would build a high-speed rail line from Los Angeles to Las Vegas, the private U.S. company behind the plan said June 9 that the deal was terminated, denting China's ambitions to export its train technology.
XpressWest, a rail company in the U.S. state of Nevada, said in an online statement that the decision to end the partnership with China Railway International (U.S.) Group Ltd., was based "primarily upon difficulties associated with timely performance and CRI's challenges in obtaining required authority to proceed with required development activities."
- 1Chart of the Day: ‘Made in China 2025’ Dropped From List of Local Government Priorities
- 2‘Aquaman’ Makes Huge Splash in China Box Office
- 3Update: Huawei CFO Faces U.S. Fraud Charges, Canadian Court Told
- 4Update: China Logs Record-High Surplus With U.S. Despite Softening Overall Export Growth
- 5It Has Been a Bad Year for the Yuan. 2019 Could Be Worse
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas