CRH bullet train

China’s Trillion-Dollar Bet on High-Speed Rail Transformation

China’s high-speed rail network, which has tripled to nearly 30,000 miles under President Xi Jinping’s leadership, faces mounting financial challenges amid aggressive expansion plans. China State Railway Group, the national operator, has accumulated nearly $1 trillion in debt and liabilities, requiring $25 billion annually for debt service. Despite this, plans Read more…