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China Railway heads for €1 trillion in debt

Route of the Hotan-Ruoqiang railroad in the Taklamakan Desert: long distances, challenging terrain, enormous construction costs.

Unlike in Germany, anyone traveling by high-speed train in China these days need not fear ending up on an overcrowded train. Because the strict Covid measures have made every trip an almost incalculable risk, people prefer to stay where they are. Even between Shanghai and Beijing, there were much fewer passengers – although this connection has been one of the few profitable railroad lines.

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