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China’s ghost stations show a nation haunted by debt
An infrastructure boom linked to the country’s property bubble has collapsed, leaving empty apartments, stranded railways, and councils unable to pay teachers
China’s ghost stations show a nation haunted by debt
An infrastructure boom linked to the country’s property bubble has collapsed, leaving empty apartments, stranded railways, and councils unable to pay teachers

China’s Subway Boom Becomes a Financial Nightmare as Project Racks Up Trillions in Debt
Amid China’s efforts to rapidly modernize and pull itself out of economic turmoil, a financial paradox is unfolding beneath its city streets. Long seen as symbols of urban modernization, subway systems across the country are grappling with staggering losses and spiraling debt.
According to multiple recent reports, subway companies across 29 Chinese cities collectively owe over 4.3 trillion yuan (USD$590 billion) in debt, sparking concerns over the sustainability of these massive infrastructure projects. Despite expanding networks and increasing ridership, transit systems in China have struggled to break even, with most relying heavily on government subsidies to get by.

China’s Subway Boom Becomes a Financial Nightmare as Project Racks Up Trillions in Debt - Vision Times
Amid China's efforts to rapidly modernize and pull itself out of economic turmoil, a financial paradox is unfolding beneath its city streets. Long seen as
