My favorite book to learn economics 👉🏻👉🏻 https://amzn.to/3VXXhZp
In 2007, there was only one high-speed train line in China, that is, one that reached speeds of 155 miles per hour. However, only 15 years later, China has the most extensive high-speed rail network and already exceeds 23,000 miles. To get an idea, the second country with the most extensive high-speed rail network is Spain, with more or less 2,500 miles. And the third is Japan with 1,800 miles. And it all started in the early 1980s under the leadership of Deng Xiao ping, who was China’s leader for almost two decades. After a visit to Japan in 1978, Deng Xiao ping was impressed by the world’s first bullet train. From this, the idea of producing high-speed trains was born. But China first had to import advanced foreign technology from France, Germany and Japan.
The expansion of the bullet train network accelerated after the 2008 financial crisis and, years later, it would become one of the symbols of China’s booming economy. The problem is that by 2035 they plan to have 70,000 km, or 43,000 miles of high-speed rail lines. That is almost double the current length and these ambitions may be a bad idea. So the question is: if China’s high-speed rail network is a symbol of the country’s economic development to the world, why is it a bad idea to keep expanding it?
Some sources:
– Japan Forward. Weak Demand for China’s High-Speed Trains: A Ticking Time Bomb?
https://japan-forward.com/weak-demand-for-chinas-high-speed-trains-a-ticking-time-bomb/
– The Economist. China has built the world’s largest bullet-train network
https://www.economist.com/china/2017/01/13/china-has-built-the-worlds-largest-bullet-train-network
#economicsnation #bullettrain #china
source
Western media has been saying for years China is starving , there is no development, then everything is broken, what actually happens China 45000KM High speed railway and World's second richest economic power i
they are just too good and are making money? huge problems
Not agree with you, I think about 80% of total high speed rail over the world, will be controlled & equipped by China within next 5 to 7 years, So,you should be calculated all of these things.
WARNING: Do not believe those who has never been to China in the last 5-10 years.
I've been impressed. Every single time, as a frequent traveller to China.
– – –
The derived and rippled effects of providing mobility for everyone (rural/urban citizens/international travellers/goods logistics etc.) at such speed cannot be quantified by the profitability of the rail network alone. By allowing the free flow of people through reducing the concerns of time is the key here, let alone the cost of riding these trains is relatively low when compared to airlines and the time wasted before/after the ride has been reduced to none.
Metropolitans are made wherever the trains reach. Second and third tier Chinese cities are larger and more urbanized than ever. Standard of living for average citizens are lifted.
Profitable as a business – No. Profitable to the society as a whole – Yes.
It's a good thing that they expanded the high-speed rail network by using too much steel as a countermeasure for the Lehman shock, but unlike roads and bridges, it costs money every day to operate high-speed rail safely.
How much of a deficit will there be every day for routes that only make four round trips a day?
If the Chinese people are satisfied with the burden of debt that they will continue to pay down to their children's generations, foreign countries should not interfere…
Only I hope that a second or third Wenzhou does not occur due to neglect of safety.
This is the difference in thinking between the East and the West, why must we make money to implement it? Furthermore, the railway company is a state-owned unit that does not need to consider profitability. The national tax will support it, and the people will also support it
AI voice
This railway network will suffer the same fate as Onijo. Even today, only HSR cars are loaded with air and run at high speed.
CHINA TRAINS IS WORLD NO.1 TODAY.👍👍👍👍👍
This video is Amazing! That railroad debt is monstrous, when the reality comes for China, it'll not be funny for its economy.
A know nothing sour grapes trying to evaluate the Chinese bullet trains ?
Get out of here, kid !
The Chinese know what they are doing unlike the braindead political leaders of US !
That's why a meritocratic autocracy will ALWAYS triumph over fake democraZy !
I wonder what happens to Japan’s Shinkansen though? Clearly Japan developed the high speed railway system decades before China. Is there any argument in the Western world about “profitability” of Shinkansen?😅
Governments decided that provision of infrastructures is not their responsibility. Want infrastructures, pay. Thus privatisation is born.
Dystopian Freudian
The problem is rail tire
Problem? China will sort it out, no problem.
Cope and seethe harder you losers.
China indeed has a very serious problem with its high speed trains. Too many orders are coming in and China is struggling to build them. On the positive side, this is a happy problem.
The old news are not up to date!
The united states found out years ago that you cant make money hauling people. Thats why the government has to subsidize passenger service.
Ur head has a serious problem.
😊
This guy talked loads of bollocks misinformation. He was either a paid anti-China propagandist or a downright ignorant idiot.
In contrast to many other countries, China heavily emphasizes GDP growth in its policy-making, often leading to inflated GDP figures as officials strive to avoid accountability for failing to meet targets. One approach to boosting GDP is by attracting new businesses and increasing production, but this hasn't always been successful. Another tactic involves investing in infrastructure projects like high-speed rail, which serve more as vanity projects aimed at bolstering GDP numbers rather than being financially viable endeavors. Local governments commission such projects to enhance their image and assert economic growth, but in truth, they often represent poor investments.
At least we know that train is feasible for cleaner greener than aurcraft… especialy in the future with clean electricity… maybevfar future… nuclear fusion power plants 😅
Highspeed rail 3X cost and maintenance of regular trains. All of them are money losers big time.
China doesn't have a serious problem. The problem is you don't plan ahead but look for immediate profits. The Chinese plans ahead for 5, 10, 15, 20, 25 years. Also everything doesn't revolve around profits alone.
I like the China concept but it’s subsidized by the government … if you had high speed rails between Portland & Seattle or SF and LA or you could eliminate airline between these cities
70% less or 70% of?
Because the Chinese economy was based on comparison. China and Russia a prime example of communism 😅😅
Try building up 50,000 km before you preach.
Very interesting, I wonder how much US tax payers money are used to subside Amtrak, or other rail systems. Is profit the only reason for railways building for any country, if so Amtrak should be the first to shut down. This video is bias beyond imagination.
USELESS DESPERATE PROPAGANDA.HEHEHE😝😝🤪🤪😜
I have seen many people say that rail does not need to be profitable. I seriously disagree with this. Many of you underestimate how expensive rail is in terms of upfront costs and maintenance costs, especially highspeed rail. Money does not grow on trees. The money spent to build, upgrade, and maintain infrastructure such as rail, needs to come from somewhere.
In Japan, the money to support such as extensive, efficient, and useful rail network comes from non-railway related business that the big railway companies engage in. These include retail and property management, among others.
Rail needs to make financial sense, and be financially sustainable. In otherwords, rail needs to make some sort of money for maintenance and upgrades. It cannot be run at a loss as it leads to poor quality in the long run.