"China's National Audit Office said on Monday it had uncovered more evidence of fraud, waste, mismanagement and irregular accounting and procurement, totaling billions of yuan, at the flagship high-speed Beijing-Shanghai railway. The 217 billion yuan ($34 billion) railway, hailed as a miracle project by officials when it opened in June 2011, has been beset by a litany of management failures and unusual practices resulting in tens of billions of yuan of waste." (Quoted from article)