Many of China's large-scale infrastructure projects, due to quality concerns, are colloquially dubbed as "tofu-dreg projects." Notably, some are high-speed rail initiatives managed by major state-owned enterprises, such as divisions in China Construction or China Railway, operating under a principal contracting system. Yet, a prevailing practice among these primary contractors is to retain half of the allocated funds upon winning the bid. Subsequently, the project undergoes a series of subcontracts, which can result in the actual construction teams receiving a sum possibly lower than half of the initially stipulated budget.
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21 авг 2024