China confirms exit ban on US exec; high-speed rail to get upgrade: SCMP daily highlights
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China has confirmed that it barred a senior Wells Fargo executive from leaving the country, saying it banned her exit because of a 'criminal case' investigation.
The US-China Business Council president says even in a fraught trade environment, companies cannot ignore the value of the Chinese market.
A volunteer holds leaflets as he stands near a 600km High Speed Maglev model showcasing at the National Railway Test Center during a tour by delegates to the World Congress on High-Speed Rail held in Beijing on July 9, 2025. Photo: AP
After record levels of expansion over the past few years, China's high-speed rail network – already the world's largest – is set for further upgrades as Beijing pledges to improve services and lower logistics costs.
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