{"id":504174,"date":"2022-07-08T09:26:06","date_gmt":"2022-07-08T03:56:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504174"},"modified":"2022-07-08T10:00:36","modified_gmt":"2022-07-08T04:30:36","slug":"chinas-once-profitable-railways-records-900bn-debt-over-push-for-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chinas-once-profitable-railways-records-900bn-debt-over-push-for-growth\/","title":{"rendered":"China&#8217;s once profitable railways records $900bn debt over push for growth"},"content":{"rendered":"<p>What was once China&#8217;s profitable high-speed railways is now heading towards a trillion-dollar disaster after reports of debt nearing a whopping USD 900 billion.<\/p>\n<p>Even in the face of mounting debt, China State Railway Group is doubling down on its expansion of what is already the world&#8217;s largest high-speed rail network, Nikkei Asia newspaper reported.<\/p>\n<p>China&#8217;s high-speed rail network exceeds 40,000 kilometres and the network&#8217;s expansion shows little sign of slowing. China Railway plans to reach 50,000 km in 2025 and 70,000 km in 2035 &#8212; a roughly 70 per cent jump from 2021, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What was once China&#8217;s profitable high-speed railways is now heading towards a trillion-dollar disaster after reports of debt nearing a whopping USD 900 billion. Even in the face of mounting debt, China State Railway Group is doubling down on its expansion of what is already the world&#8217;s largest high-speed rail network, Nikkei Asia newspaper reported. China&#8217;s high-speed rail network exceeds 40,000 kilometres and the network&#8217;s expansion shows little sign of slowing. China Railway plans to reach 50,000 km in 2025 and 70,000 km in 2035 &#8212; a roughly 70 per cent jump from 2021, the report said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-504174","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=504174"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504174\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}