this post was submitted on 11 Oct 2023
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Isn't that a good thing? sounds like the rail is being run as a public utility rather than a business. And its still likely profitable if you average the cost over all the lines.
I never said it was a good/bad thing. I'm saying the Chinese gov. isn't as concerned with profit. Which explains the difference between California and China
In theory yes, but not the way that China does it. Every other country with a rail system operates at a loss, however, those losses are generally made up indirectly by the economic activity that gets created because of the infrastructure. This is the case for Japan, Germany, France, whatever. China's HSR system has is so illogical and has so much debt that it can't possibly pay for itself. If were to compare the debt per kilometer for the different countries' rail system, China would stand alone at the top in a tier of it's own. Having $900 billion in debt on a HSR system is insane.