时政
财经
科技
登录
#中国高铁
关注
红网-未来网
2周前
【科技创新 强国有我】有意“思”的科普丨中国高铁又快又稳的秘密
#科技创新
#中国高铁
#科普
#交通运输
#高铁技术
分享
评论 0
0
网易新闻-上游新闻
3个月前
马斯克:中国高铁等国外客运铁路好太多,让美国人尴尬
马斯克盛赞中国高铁:让美国尴尬
#马斯克
#中国高铁
#美国铁路
分享
评论 0
0
红网-人民网-中国共产党新闻网
4个月前
奋进的春天丨一把焊枪 焊出中国高铁新速度
#奋进的春天
#焊接技术
#中国高铁
#高铁速度
#新技术
#工程建设
分享
评论 0
0
中新网-中国新闻网
4个月前
中国高铁背后的“隐形翅膀”:铜铬锆导线诞生记
#中国高铁
#铜铬锆导线
#科技创新
分享
评论 0
0
新华网-人民日报
5个月前
中国高铁为何能“杯水不洒、立币不倒”
中国高铁为何能“杯水不洒、立币不倒”-转向架如何适应高速运行。
#中国高铁
#科技创新
#工程技术
#交通运输
#公共设施
#铁路系统
分享
评论 0
0
Desmond Shum
5个月前
High-Speed Rail: The Real Estate Express in China China’s high-speed rail (HSR) network spans an impressive 48,000 kilometers, the largest in the world. Yet, behind the gleaming trains and modern stations, there’s a stark reality: over 90% of these lines are operating at a loss. How did China come to invest so heavily in an unprofitable system? The answer lies in local governments’ obsession with land speculation. The Real Investor Behind HSR While China State Railway Group Co., Ltd. (China Railway Group) is the face of HSR construction, local governments are the ones shouldering most of the financial burden—more than half of the total investment in many cases. The China Railway Group itself is drowning in RMB 6 trillion (USD 830 billion) of debt, but that pales in comparison to the debt-fueled spending spree of local governments. Goldman Sachs estimates Chinese local government debt at close to 100 trillion (USD 14 trillion), or about 80% of Chinese GDP. Stations Far from the Action: A Speculator’s Dream Why are so many HSR stations located in the middle of nowhere, often tens of miles from city centers? It’s not poor planning—it’s a deliberate strategy. Local governments designate rural areas as “new development zones,” build HSR stations there, and seize surrounding farmland at low cost. They then auction off the land to developers at inflated prices, hoping for a financial windfall. This speculative cycle, not transport efficiency, has often dictated station placement. The Debt Time Bomb This land-fueled model worked well in China’s booming real estate market. Land sales funded HSR projects and propped up local budgets. But as the real estate market cooled after COVID, the cracks began to show. With dwindling land revenue, local governments are now grappling with unsustainable debt levels, making HSR investments look increasingly precarious. The HSR Legacy High-speed rail in China was never just about transportation. It was about local governments leveraging the tracks to turbocharge land sales. But with China’s real estate bubble effectively burst, this strategy has lost its momentum. Instead of the financial windfall they hoped for, local governments are left with debt—and a high-speed rail network that, while impressive, is struggling to pay for itself. In the end, China’s high-speed rail wasn’t just about connecting cities; it was about connecting government coffers to a fleeting real estate boom. Now, as the bubble deflates, the trains keep running—but the bill is coming due.
#中国高铁
#房地产
#经济发展
#科技创新
#基础设施建设
#交通运输
分享
评论 0
0
新华网-新华网
6个月前
新华鲜报丨京张高铁5岁!跨越115年坚持走中国人自己的路
新华鲜报丨京张高铁5岁!跨越115年坚持走中国人自己的路-
#京张高铁
#周年纪念
#中国高铁
#历史演变
#自主创新
分享
评论 0
0
个人主页
通知
我的投稿
我的关注
我的拉黑
我的评论
我的点赞