Follow us on TWITTER: twitter.com Like us on FACEBOOK: www.facebook.com Chinese media reported that 80% of China's high-speed railway projects under construction have been "postponed," waiting for the Chinese government to clarify policies related to the high-speed rails. Meanwhile, under the circumstance of credit squeeze, the funds providers for high-speed railway construction, including commercial banks, are waiting to see the next policies of China's high-speed rails. Insiders point out, this will make more difficult for Railways Ministry to repay debts and will affect many suppliers. On October 1, "21st Century Economic Report" quoted the words of a Ministry of Railways' insider, that over 80% of current railway projects under construction are postponed, with their completion time delayed for a year. According to the source, the reason for that is the lack of money at this point in time. Debt default is also a major problem in railway construction, with almost all banks suspending loans for railway projects. Lu Tao, a Chinese railway engineer, said the economic responsibility of the Ministry of Railways is not clear, thus nobody thinks of investment returns. Officials can show performance and get big rebate from spending more money. In this system, the financial difficulties encountered in the construction of high-speed rails are not surprising. Lu Tao: "Because the investment income is out of proportion, whether it's bank loans or market bonds, we found it to be a ...