They borrowed $1 trillion to build high-speed rail - now they’re deep in debt
13:58
MSNEconomics Explained
They borrowed $1 trillion to build high-speed rail - now they’re deep in debt
China built the world's largest high-speed rail network in just a few decades, connecting major cities, creating millions of jobs, and helping the country avoid recession after the 2008 financial crisis. But behind this extraordinary engineering achievement lies enormous debt, unprofitable routes, corruption scandals, rising maintenance costs ...
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