Utopia Talk / Politics / China's HSR white elephant

Rugian Member	Mon Nov 25 06:11:25 China Is Building 30,000 Miles of High-Speed Rail—That It Might Not Need The train system is one of the biggest public works in history, and it’s becoming a giant money pit --- "On his first day in office, leader Xi Jinping inherited an ambitious road map to build 10,000 miles of high-speed rail to link China’s biggest cities. He took those plans and supersized them. What has emerged 12 years later is one of the biggest public works in history, soon to exceed 30,000 miles of high-speed rail. For many of its citizens, the vast network is one of the clearest signs of China’s progress, especially compared with the U.S., which has struggled to get any high-speed rail going. Lest they forget whom to thank, its top-of-the-line trains are named “Rejuvenation,” after Xi’s promise to restore China’s national power. The build-out encapsulates Xi’s vision for China’s future, with a focus on advanced technology driven by government spending. Chinese leaders once prioritized lifting individual wealth to keep people happy. Xi’s colossal investment in trains is part of a return to the Communist Party’s roots by emphasizing collective benefits from the state. The plan sticks to a well-worn economic model built on maintaining growth through infrastructure spending—even though China already has much of what it needs. It’s becoming a giant money pit. China has spent more than $500 billion on new tracks, trains and stations in the past five years, while the country’s national railway operator, China State Railway Group, is nearing $1 trillion of debt and other liabilities. Just keeping up with its debt requires $25 billion annually. While passenger numbers have rebounded following the lifting of Covid-19 restrictions, raising ridership will be especially challenging in the years to come as China’s population is projected to shrink by around 200 million people in the next three decades. Some of the newest lines are in effect duplicating older ones." http://www...gh-speed-trains-china-3ef4d7f0
TheChildren Member	Mon Nov 25 06:20:20 ah yes, da 45th year of "china is collapsin soon now" prediction betta 2 have 30k miles of hs track we might not need, than 2 have -30k miles of hs track that u dunt got but u desperaately need, boy. buhahahaha unbelievable ya dunt even got 1 mile, when is u gettin this shit. when u turn 85 my guy, u still wunt have it. thats da state of ur country. u should be fumin mad. at ur own country. fumin.
TheChildren Member	Mon Nov 25 06:25:49 is u fumin. i dunt think so, confused boy. they tell us these fake china lies nd fake china accusations, precisely 2 keep u occupied with fake bs. when u shuld be fumin. ur elites only care about risk da board game and imperialsm
TheChildren Member	Mon Nov 25 07:05:53 mothafucka bs article 30k hs rail we dunt need? mothafucka, tell us how jelly u r without tellin us how green envy and jelly u r! shits da best way 2 travel but not needed????? where ur brains, not working?
jergul large member	Mon Nov 25 08:19:06 A quick google shows the Rail Company in question is highly profitable. Do you need a refill of that cup of copium you are drinking Ruggy? Those hopium muffins you are eating are pretty dry.
Rugian Member	Mon Nov 25 08:38:41 Oh look, jergul is siding with the authoritarian shithole. What a shocker. No copium from me dude. We have these things called airplanes and cars in the United States which combine to make rail redundant for passenger travel. That company only posted a profit because it was likely receiving heavy state subsidies. I see you didn't read the whole article. In any case, at the rate it's going it should only take 2,000 years to pay off the company's liabilities. The article does highlight examples of misallocated capital investment. Why does a rural county with a shrinking population need HSR exactly? Is that honestly the best use of resources you can think of? I'm not saying that HSR is bad in concept. Several Chinese lines that focus on express travel between Tier 1 and 2 cities are clearly successful. I'm just saying that there's a lot of chaff with the wheat...and it's expensive chaff.
TheChildren Member	Mon Nov 25 08:48:23 fool of took! we need connectivity, that means all da places fool. we aint like ya. only buildin up few roads in between 3 cities and callin it a day. rofl
jergul large member	Mon Nov 25 09:02:03 Ruggy Stop saying stupid shit about authoritarian shitholes if you dont want pushback.
Rugian Member	Mon Nov 25 09:02:44 Quite the sophisticated argument there jergul. Thanks for the easy win to start off a Monday.
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