Do We Really Need to Be Worried About China’s Rail Network?
Through the end of 2018, there were 131,000 kilometers (81,400 miles) of railroad in operation across China, of which more than 29,000 kilometers were high-speed rail (HSR) tracks — the most in the world. The mileage built in China in just over 10 years is more than twice what has been built in the rest of the world in half a century.
But the “transport density” — the number of passengers moved per kilometer of railway per year — of the large-scale railway network is too low, indicating significant financial risk, Beijing Jiaotong University professor Zhao Jian wrote in Caixin this week.
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