Caixin
Jan 29, 2019 07:39 PM
OPINION

Zhao Jian: What’s Not Great About China’s High-Speed Rail? The Debt

Photo: VCG
Photo: VCG

* Having the world’s largest high-speed rail network with a lot of idle capacity is indicative of significant financial risk

* Large investments in high-speed rail have meant less construction of regular railways, which has led to a serious imbalance in China’s transportation infrastructure

(Beijing) — People often see only the convenience of China’s high-speed rail network and boast about it being the world’s longest, but they turn a blind eye to its enormous debt and operating losses, as well as the serious deterioration of the country’s transportation structure.

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