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China Railway Construction "extremely shocked" by Mexico's scrapping of rail deal

China Railway Construction Corporation (CRCC) said on Sunday it is "extremely shocked" by Mexico's decision to withdraw a high-speed rail deal with a China-Mexico joint consortium, pledging to resort to legal means to protect its interests if necessary.

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SOE accounting puzzle blurs frugality drive

Many Chinese state-owned enterprises(SOEs) that were under fire last year for exorbitant "reception" fees hid the item in their latest financial results, renewing public concerns over their sincerity to cut extravagance.