'High-speed rail network development set to slow'

Report claims railway ministry is planning to slash 200 billion yuan

BEIJING - China may cut its investment in railway infrastructure this year by more than 200 billion yuan ($31 billion) following an earlier decision to slow down the operating speed of its high-speed trains, the Economic Observer reported on Tuesday.

The Beijing-based newspaper claimed the Ministry of Railways had organized meetings in recent days and had invited experts and officials to discuss whether it was still necessary to begin work on railway projects that had not yet started.