China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion

[lcloo]

LOL! Found another audited financial statements for China Rail (2019), in English.

2019 Annual Report_HU6NFKKfHGFu.pdf (ir-cloud.com)

 

[aziqbal]

this happens when building expensive infrastructure when the people are too poor to use it

the tickets prices are way too high and the average salary is not yet high

 

[lcloo]

More financial statements of China Railway Group Ltd. These are latest from WSJ Wall Street Journal.

 

[lonelyman]

this happens when building expensive infrastructure when the people are too poor to use it

the tickets prices are way too high and the average salary is not yet high

stupid, hot lines all sold out a week in advance
Try book one yourself

 

[lcloo]

stupid, hot lines all sold out a week in advance
Try book one yourself

This stupid thread is just like the stupid Xinjiang Cotton Forced Labour thread (Pity those poor John deere crop harvesters, LOL!!!), they just spinned False Information and anti-China bashers just pick it up lick like ice ceam.

2.2 Billion Passenger in 2019, that is more than 6 million passengers everyday on average.

 

[Nan Yang]

For comparison Americans spend equal amount of 1.8 trillion dollars in Afghanistan with nothing to show for it. At least Chinese go their high speed rail. That's why people say Americans are idiots of the coming centuries and tale tall sign of a declining empire.

United States is run by neo cons. What can go wrong?

 

[Nan Yang]

Most HSRs in the world are not profitable by themselves. However, they do generate positive economic (efficiency, greater economic activities in the region) and societal externalities (environment, convenience) which will not be reflected in the income statement. Overall the government has to do their own cost/benefit analysis and decide whether the overall benefit outweigh the cost for the society.

Comparing HSR debt to Evergrande debt is stupid.



Nonsense lol. Why even collect taxes when you can just print money and not cause inflation? China should abolish taxes and return the revenue from land sales to the people according to your logic lmao.

When I was working in Singapore, I rented a HDB flat in AngMoKio next to Avenue 3. There were feeder bus services to take residents to the AngMoKio town center. These feeder bus charges only 15 cents and they were big size bus and practically empty. LOL. Try making money doing that!

 

[Shotgunner51]

More financial statements of China Railway Group Ltd. These are latest from WSJ Wall Street Journal.

View attachment 793293View attachment 793294View attachment 793295View attachment 793296

Ouch! All profitability indicators in the green, long-term debt to assets ratio as low as 0.18! What a slap in the face for fake stream media and their illiterate cheerleaders.

 

[doorstar]

this happens when building expensive infrastructure when the people are too poor to use it

the tickets prices are way too high and the average salary is not yet high

are you another account of a member of the staff or are a relative of one?

 

[FuturePAF]

The story is fake stream media's new plot to entertain low IQ financially illiterate China haters back in their home, another circlejerk show.

A lot of what has been coming out in, at least, the past few months has been highly suspicious. It’s like a switch has been flipped to aim disinformation against China (and vis a versa, but honestly not to the same level). With the exaggeration, it’s gonna be hard for people to tell where China is underperforming, but maybe that is the point. Make it look all bad. Effects of Cold War 2 I guess.

 

[Stranagor]

A lot of what has been coming out in, at least, the past few months has been highly suspicious. It’s like a switch has been flipped to aim disinformation against China (and vis a versa, but honestly not to the same level). With the exaggeration, it’s gonna be hard for people to tell where China is underperforming, but maybe that is the point. Make it look all bad. Effects of Cold War 2 I guess.

Probably they received a new round of stipends from the US government agencies. I guess some 30.000 international journalists are on US payroll. One got to eat.

 

[donkeykong]

Next smart post by low iq jew will be US military losing $700 billion a year!!

 

[tower9]

China is investing in these massive and high tech infrastructure systems for its citizens to use. It comes at a loss because it is considered a PUBLIC INVESTMENT. The high speed rail system has been a huge catalyst for development and economic growth, that is what it was designed for.

 

[GS Zhou]

More financial statements of China Railway Group Ltd. These are latest from WSJ Wall Street Journal.

But this is not the actual CR. The full name of actual CR is: China State Railway Group Co., Ltd, or 中国国家铁路集团有限公司.

The company you quoted refers to 中国中铁股份有限公司, which is focusing on railway engineering & construction.

 

[lcloo]

China is investing in these massive and high tech infrastructure systems for its citizens to use. It comes at a loss because it is considered a PUBLIC INVESTMENT. The high speed rail system has been a huge catalyst for development and economic growth, that is what it was designed for.

Sorry, the HSR operator China Railway Group Ltd is not making any loss, check the financial statements I posted earlier. This is a False Information.