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China’s obsession of high speed rail is costly. The world’s largest highspeed rail network brought not only skyrocketing freight costs but also inflation and debts. China Railway Corporation’s debts are three times the size of Evergrande’s debt. Its impact on the China’s economy is being felt as transportation cost rises amid debt and energy crisis.
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We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
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References:
English References
https://www.scmp.com/economy/china-economy/article/3127644/china-must-avoid-blind-competition-within-high-speed-railway
https://www.orfonline.org/series/the-china-chronicles/
Chinese references
https://sa123.cc/747gbh1xyygwmpivkvij.html
https://www.upmedia.mg/news_info.php?SerialNo=71615
https://www.ditietu.com/p/2730
https://www.rfa.org/mandarin/Xinwen/WUL1102A-11022020054034.html
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