Chinese cities are facing the financial abyss of their subway systems

After high-speed rail, subway lines are now dragging the cities they serve into huge levels of debt. This is due to colossal construction and operating costs, minimal revenues and a toxic relationship with real estate developers.

Chinese cities are facing the financial abyss of their subway systems
After high-speed rail, subway lines are now dragging the cities they serve into huge levels of debt. This is due to colossal construction and operating costs, minimal revenues and a toxic relationship with real estate developers.