China Has A Debt Problem Three Times Larger Than Evergrande
Economics Explained
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The Problem With China's High Speed Rail
China's high speed rail network became such a point of national pride that the developers never stopped to ask if there was a better solution. High speed rail is very technically impressive, and it gets a lot of attention from the international community. But sometimes there are better natives, regular rail can be much cheaper to build and operate. The state owne corporation even got to make a little bit of a profit for itself after paying off its massive debts.
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