this post was submitted on 11 Oct 2023
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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.