Chinese cities are facing the financial abyss of their subway systems
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.
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.