Posted inChina

Debt trap could derail China’s high-speed train network

They are a symbol of China’s technological prowess and the envy of the world. But the amazing web of high-speed trains is glued together by debt. After a funding frenzy during the past decade, the world’s second-largest economy now has the world’s largest railway network. Covering 127,000 kilometers, or 78,900 miles, it could circumnavigate the planet […]

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