China Expands Its Debt-Laden State Railway System to Help Lift the Country’s GDP

China Expands Its Debt-Laden State Railway System to Help Lift the Country’s GDP
A newly launched bullet train undergoes a test at the new railway station in Wuhan, Hubei Province, on Dec. 24, 2009. STR/AFP/Getty Images
Kathleen Li
Updated:

Although China’s state railway system has suffered severe losses for years, China’s Development and Reform Commission (NDRC) recently emphasized the need to speed up the construction of more transportation infrastructure.

According to a Chinese economic and financial commentator and analyst, the Chinese leadership does not consider investment returns, it just wants to use the large infrastructure spending to help maintain the country’s GDP figures.

Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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