BEIJING, Jan. 27 -- The nation's top economic planning body has denied a report that it approved the construction of a high-speed railway linking Shanghai with the scenic city of Hangzhou in eastern China's Zhejiang Province.

    The National Development and Reform Commission denies it has given the go-ahead for construction of the project.

    Both domestic and international enterprises have given attention to the rail project for the vast investment it will bring to the region, estimated at 30 billion yuan or 3.6 billion US dollar.

    Shanghai boasts the world's only commercial high-speed railway supported by maglev technology.

    (Source: CRIENGLISH.com)