The Unspoken Problem with China's High-Speed Rail

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The Unspoken Problem with China's High-Speed Rail

Рет қаралды 31,764

Күн бұрын

China's high-speed rail network is the largest and fastest in the world. But there's a significant problem that's rarely discussed - the high cost of tickets. In this deep dive, we examine the affordability of China's rail system, how it stacks up against international counterparts, and the fierce competition from the domestic air travel industry. We also look at possible solutions for the future.
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Chapters
0:00 Introduction
0:23 Background / History
1:41 The Real Problem
2:26 Global Perspective
4:20 Air Travel Competition
6:07 Profitability
07:09 Future Outlook
#ChinaHighSpeedRail #Transportation #Travel #TicketPrices #Railway #Infrastructure #Trains #AirTravel #Economy #Sustainability #Affordability #construction

Пікірлер: 126

@globeex Жыл бұрын

What is your experience with the Chinese High-speed rail and its pricing? Also check out this next video on China's MEGA cities: kzfaq.info/get/bejne/qbiHdatlsM-snX0.html

@rickxchen4257 Жыл бұрын

Google: Milan to Naples rail: 659km, 4h38m. Beijing to Shanghai rail: 1318km, 4h18m.

@gzkony Жыл бұрын

Tokyo to Osaka Shinkansen：550km, 2h40m. Zurich to Geneva IC: 224km, 2h50m

@julianlau5579 Жыл бұрын

Cannot compare like that. The Chinese HS railway is purely used for passengers transportation only and the routes are freed of railroad crossings and any other possible interruptions. Whereas in many countries in Europe, high speed trains may use existing railroad systems so there are slower freight trains, local trains and railroad crossings. All these will slow down high speed trains. Japanese Shinkansens do not mix with regular local trains, except a small area in northern Japan and are completely freed of railroad crossings.

@prakashd7397 Жыл бұрын

china rotating money others countries ripping money

@buffalohead7783 Жыл бұрын

Chinese cannot afford the fare. Unemployed and laying flat Chinese don’t travel

@bernardjameswilson Жыл бұрын

@@buffalohead7783 well duh of course you can't afford it if you're unemployed.

@keithmoh1 Жыл бұрын

The US solution to the high-speed rail pricing problem...don't have high-speed rail at all.

@leongkhaiweng61 Жыл бұрын

🤣🤣🤣🤣🤣🤣

@davidherdman9798 3 ай бұрын

And in the US the government would have to actually pay the property land owner. Then get through all of the environmental studies, then figure out where the electricity to run the train would be supplied. And, as China is experiencing, compare the cost and speed with air travel since we have airports just about everywhere. Now, the really big question is, who is going to use the service? Great if it is fast between two major population centers, but what about the towns in between? That is one of the major problems with the California project. The towns in between SF and LA would not permit the train to pass unless it stopped for them. Hmmm. We have a LOT of towns that would stop the train for that reason. This is a problem NOT shared by air travel. Oh, and the train would probably need to be elevated to prevent animals from getting on the tracks. And what about all of the existing roads, utilities, pipelines, etc.? And high speed rail does NOT carry freight except a few 'hand carry' packages. So, people passengers only. Lots of problems to implement these in the US. And, having visited China multiple times, the US is very spread out. Not so in China. Farmland and city. High concentration of people. Major difference between the two countries.

@htabbas Жыл бұрын

I just came back from China. Took two high speed rail rides, from Guangzhou to Beijing and from Beijing back to Guangzhou. Each way: 2100km, 7hr 59min. $137/trip. There are 6 trains each day traveling between the city and they are fully booked a week before the travel date. I don't see why you claimed the Chinese can't afford the fares. These trains were fully loaded.

@lzh4950 9 ай бұрын

This issue of affordability was more publicized in the earlier days of HSR in China e.g. when the Wuhan-Guangzhou line opened in 2010, also because it replaced some cheaper, slower trains e.g. overnight ones, but I guess their people's incomes have also increased since then. Personally I also think Beijing-Guangzhou(-& HK?) would be perfect for overnight HSR service

@ekwong1813 Жыл бұрын

the elephant in the room is that China is a Communist state that operates a centrally planned system. It is not in anyway remotely similar to the Western Capitalist system. Not everything in China is to be assessed in dollars and cents. The central government obligated and has to provide all essential services to its people, transportation being primary. The HSR are all indirectly owed and operated by the Central government and the profitable lines will have to subsidies the lesser viable lines. To this end, the highly profitable Guangzhou to Shanghai to Beijing route will have to help pay for the loss making Xian/Urumuqi. route.This is to ensure that as much of the general population will get to enjoy the use of the HSR. You will also note that the popular routes are priced much higher than the lesser routes for exactly the same reason. Just a point analysis, has Amtrak ever made a profit? Its very existence is based entirely on the subsidy and handouts from the US government. Without which, Amtrak will not be in existence at all. If the CCP is wrong to subsidies the HSR, it is right for the US Congress to continue financial handouts to Amtrak?

@ShroomKeppie Жыл бұрын

The Northeast Corridor (Washington DC to Boston) makes money. The other trains, not so much. Many people, maybe most people, use Amtrak as a "land cruise," taking the trains to see the country rather than go somewhere for business. Chicago to LA is days by car or train, and a few hours by plane, so why train?

@dyrectory_com Жыл бұрын

China: let the Coastal area become rich, then we gradually focus on uplifting the poor in the other regions. Road, bridges, high speed trains, etc. is all part of China's poverty alleviation effort. "The Mandate of Heaven" is in progress.

@mostlyguesses8385 Жыл бұрын

@@ShroomKeppie... People drive in US since upon arrival in new city they'll need a car anyway to get around. If they took train they'd have to find a car rental place and waste 2 hours and blow $200 more. Unlike Europe or China with subways and dense walkable cities. Till we totally change US cities a train in US will not be used my most. Here Minneapolis to Chicago is 6 hours, even if 3 hour train existed most would want a car so just will drive and save $200 car rental upon arrival and the $100 train ticket for each family member. Trains really are dumb idea in US despite what train lovers claim, most people are fine driving...

@Gemini73883 Жыл бұрын

If cost of the ticket is too much it is a problem for the Chinese customer. Don't worry yourself silly! I've taken the Shinkanshen from Osaka to Tokyo and the ticket prices are well beyond what you quoted.

@danlee8640 Жыл бұрын

yes the ticket fares in japan is a few times more than China. Some people do not know their stuff.

@weijun5371 Жыл бұрын

In today exchange rate it is about 100

@peiwu979 Жыл бұрын

At least they have a choice to use high speed train or planes. In the US, all we have are high gas prices and Amtrak slow trains.

@RichXZ Жыл бұрын

Maybe you feel "gas" prices are high in US. But check out the prices in most other countries & you'll see motor fuel is relatively cheap in US.

@Hkchinese888 Жыл бұрын

High speed rail is a no no for Australia, we can't bear the high building and maintenance costs, we are quite happy travel by planes.

@mostlyguesses8385 Жыл бұрын

... China building high speed rail, and airports and airplanes is wasteful. Building 2 options to do the same basic thing is the definition of wasteful. Its weird how people think trains are so much better than fast planes which we ve had since 1960. And with hiways really there is 3rd option to cross between big cities. I expect soon China and Europe will find a 4th travel option to waste tax money on. Then a 5th. Govt finds new things to spend money on... . . In Russia they mostly use plane to connect cities, no hiways, no fast trains and they find planes are great...

@ajhdigital Жыл бұрын

No one talks about your "problem" because the benefits massively outweigh the negatives (including your problem)

@luting3 Жыл бұрын

Chinese high speed rail is much cheaper than Japan, only high speed rail I took before.

@driftert5687 Жыл бұрын

Just for your information: within the same four and half hours Italian "high-speed train" just travels from Milam to Naples for 773 km, while Chinese high-speed train runs more than 1300 km from Bejing to Shanghai. Do you charge for hours or km?

@jacquesmainguy1 Жыл бұрын

This reminds me of how the exact same thing happened in France in the early years of the TGV - and even the RER around Paris: "Ce métro de luxe que personne ne va prendre". Having said that, that long line all the way to Xinjiang may indeed have trouble ever justifying itself economically...

@brmnyc Жыл бұрын

Putting a large chunk of the local population in Xinjiang in concentration camps makes it hard to attract more customers.

@Gemini73883 Жыл бұрын

@@brmnyc It makes no sense to build a railway to Xinjiang if the people there are incarcerated as you suggests.

@ieditedmyname289 8 ай бұрын

Comparing a medium sized country like France and China makes no sense

@raypoon991 Жыл бұрын

The only problem is that the rest of the world can't catch up

@KINGDAVEWONG Жыл бұрын

I experienced high-speed train ride in China back in 2014 and it was an amazing experience. I was very fortunate that the foreign money exchange rate was favorable back then so I can afford to travel 4 high-speed train trips (Beijing to Xian both ways, Beijing to Shenyang and Shenyang to Shanghai). But now the exchange rate is not favorable compared to back then and high speed train travel isn't as economical as the last time I was in China because of this. You have a good point that they should discount the high-speed train travel to less popular routes and make high-speed train travel more affordable. Or alternatively the routes that travels at max 160, 200 and 250km/hr should be discounted accordingly. That should do the trick.

@Bobrogers99 Жыл бұрын

As the cost of fossil fuels rise, air travel will become more expensive and will be limited to only longer trips. The investment in high speed rail will eventually pay off.

@mostlyguesses8385 Жыл бұрын

... Fuel is only 20% of cost of flying. With cars fuel is even less, 10% of annual cost of car. It's sorta weird how fuel is so cheap. Fuel can double in price and still not be main part of cost to travel. And planes can just fly a bit slower and save fuel a bit... Basically planes are pretty awesome and US need not build trains. Russia also is fine with just planes and not even much hiways, planes really do most of what travel is needed.. China totally will now subsidize air travel and let their trains rot and sit idle, their govt wants flashy planes now, the trains will be abandoned and forgotten like the US ripped out it's streetcars when cars came along...

@michaeldonnelly1657 Жыл бұрын

Still better than America’s non existent high speed rail travel

@floxy20 Жыл бұрын

What about California's high speed rail? Sorry, check that - it has run out of money.

@mostlyguesses8385 Жыл бұрын

... If a high speed rail system in US cost $900b to build like in China this is adding cost of $3000 for each do 300m Americans. This is basic math.. Would you honestly accept $3000 being owed by you or your govt just to have option to take a fast train once a year rather than fly? Assume coat of ticket is same train or plane. I like trains but planes are darn similar, $3000 of debt is not worth it to me. . . Numbers matter, at some point a project is dumb no matter how pretty it looks..

@samanli-tw3id 24 күн бұрын

Acela Express?

@stevenliew2507 Жыл бұрын

You seemed to know so much about China high speed train. Good for you but let me ask you the following questions: 1) How often have you travelled on such train and how far? 2) What about high speed train in Japan?

@ricosun Жыл бұрын

The analysis is flawed. 1. There are different prices for different classes of High Speed Trains in China. The fastest 400 km/h+ is the most expensive, there are 300km/h, 250 km/h and 160 km/h trains that cost significantly cheaper. 2. You should not use China's median income to guage its affordability, this is because China has very large income discrepency between, tier 1 and lower tier cities especially rural towns and areas. These High Speed Trains are really targetted at inter-capital city travel for business or higher income population. There is 1.4 Billion people in China, there is significant population in each income bracket for high, medium and low income earners. Each income bracket has about 200-300 million people. You simplying cannot say its a problem because it is expensive for median income earners, when there is 200 million high income earners that find prices reasonable. Finally high speed train is a very good alternative to inter-city flying, because tickets prices are slight cheaper, and you get to your distination faster. This is because airports are often located outside the city centre, and you have do waste time check in. Whereas high speed train station are located in city centers and check in process is much faster. Also profitability of high speed train runs at a loss is on purpose. This is because the amount of economic activity that it drives from additional business development, tourism far outweight the loss. These high speed trains basically links up rich and poor areas together, combining a hugh market for trade and development, acting as a catalyst for further economic development.

@brycekwishima1810 Жыл бұрын

Even the distances have not been factored in Beijing to Shanghai is 1200km while tee Italy case it's 200km max. At. 90$ respectively.

@Gemini73883 Жыл бұрын

This is deceptive! No mention of the distances involved.

@yangzhao6225 Жыл бұрын

I wonder what kind of profit you can make from US interstate highway.

@samanli-tw3id 24 күн бұрын

@@yangzhao6225 Car manufacturers, car sellers, gas stations etc.

@nmew6926 Жыл бұрын

Wion Porky is taking note

@jangguttok7437 Жыл бұрын

1) the comparison to other HSR is unfair milan to naples = roughly 800km tokyo osaka = 515km beijing shanghai is 1300km tht means, dollar per km, beijing shanghai is way cheaper 2) people in developing countries won’t suddenly hop on HSR for no reason. saying its 9% of monthly income, doesn’t matter coz people not using it on regular basis like japan or france

@wnklee6878 Жыл бұрын

Wages will go up gradually in China to match those in Italy while price will probably stay the same.

@globeex Жыл бұрын

Let's hope so. However prices may need to increase for the system to break-even. Otherwise the public will continue to subsidize it with tax money.

@wankee888 Жыл бұрын

@@globeex what is wrong with subsidising? nothing wrong in a socialist country.

@Gearparadummies Жыл бұрын

@@wankee888 Subsidizing is nothing more than making taxpayers pay for a service they might use or not use, innecesarily burdening everybody for the benefit of a few. An enterprise not economically viable if not heavily subsidized is a failed one.

@Liboch Жыл бұрын

Rail system often does not make money by itself. But it relieves the burden of buiding more roads, easing the road congestion, reduces car pollution, etc. That's why many countries are subsidizing rail system.

@Hkchinese888 Жыл бұрын

@@globeex break-even? It's not going to happen

@GameplayTubeYT Жыл бұрын

Because China doesn't want anyone to talk about this 😂

@albertol1529 Жыл бұрын

The biggest problem is jealousy…..

@billkittleman9631 4 ай бұрын

At the end of the day I’ll stick to living in a free republic

@albertol1529 4 ай бұрын

@@billkittleman9631 Free? No freedom of speech, no free healthcare, no free voting (dead people voted for Biden, and unlike Russia, no international observers or video cameras at polling booths) and a corrupt government….China looks a little bit freer than the U.S. Don’t believe the hype, the vast majority of Chinese trust their Governmemt. Why wouldn’t you when in 20 years you e gone from poverty to being the envy of the Western world?

@jimstanborough825 Жыл бұрын

A touch of envy in the theme of the video....

@brycekwishima1810 Жыл бұрын

A rub of it...

@scottloar Жыл бұрын

The PRC high-speed rail system is a godsend; fast, convenient and pricing comparable or lower than air travel. Getting to and from the major airports is a waste of time to which is added checking in then waiting for the flight. The high-speed rail is more relaxing.

@thomasrogers9146 Жыл бұрын

EXCUSES EXCUSES AND JUSTIFICATION FOR LACK OF PROGRESS. SICK.

@prabakarsantanam2931 Жыл бұрын

2 hours flight chennai to mumbai in India u could get an economy flight ticket two days before departure for Rs.3000/- i.e less than 40 dollars. Distance a little more than 1000 Kms. If that costs 115 dollars in China they are seriously overpriced

@bernardjameswilson Жыл бұрын

Can still work. We had a maid that worked for us for 12 years and now she's working in china as a maid as well. Her salary if converted to dollar is over 1300 per month. So a ticket of that price is manageable.

@prabakarsantanam2931 Жыл бұрын

@@bernardjameswilson how does the airline justify such high prices? After all the craft is either a Boeing or an Airbus and the aviation fuel is also costing similar amounts in the international market. Where is the justification for the inefficiency that results in the passenger paying two and half to three times the airfare?

@bernardjameswilson Жыл бұрын

@@prabakarsantanam2931 same goes for why the same service is more expensive in other countries that have higher salaries.

@aaronl5826 10 ай бұрын

how is indian income vs chinese imcome in terms of median?

@prabakarsantanam2931 10 ай бұрын

@@aaronl5826 if I were to accept ur argument all it says is u r earning more so please pay higher airfare even though all the major costs - acquiring aircraft (capital cost) and aviation fuel (running cost) is fixed globally and so should be in the same range. That is reeking of exploitation of customer or crass inefficiency of the airline - probably both

@hellascommentor Жыл бұрын

Well, a flight between the two cities costs 2x+ In the future, flights will be banned if there is a high speed train covering the same distance in the same time, so the increase of passenger volumes will bring the price of tickets down as more passengers will pay more in total (and more trains would be able to be added)

@Sunday_Morning570 Жыл бұрын

They can’t afford to lower the prices because the high speed rail system is drowning in debts.

@oldman8782 Жыл бұрын

You have included Taiwan's High Speed Train in you analysis. This is improper. Taiwan's High Speed Train system is not a part of China's High Speed Train system.

@globeex Жыл бұрын

I believe you are talking about the map. The map was included from the South China Morning Post (clearly labeled). And obviously they would include it on their map. But yes agreed, the line is not part of China's high-speed rail system.

@oldman8782 Жыл бұрын

@@globeex Yes, the map is wrong. However, you also included the picture of the interior of the Taiwan High Speed train.. This is very misleading. Please see it at 1:55 to 2:00.

@oldman8782 Жыл бұрын

I suggest you should edit/delete the Taiwan High Speed train portion (1:55 to 2:00) from your video to eliminate your mistake. It has nothing to do with the subject of your video.

@oldman8782 Жыл бұрын

@@MM-nd1ld Oh yea, , it is just like they have planned to build a bridge from the Chinese Mainland to the Moon. It is a high speed pipe dream you are sharing with them.

@pmk2000 Жыл бұрын

@@globeex South China Morning Post is seems to be pro-Beijing , that’s why the map included Taiwan HSR, but obvious it is not part of China’s HSR.

@williamlee7672 Жыл бұрын

I have been on these trains many times. Except for the large queues. I never had a problem with it. Even with the high price, it still has a lot of passengers. Regarding pricing. The distance is larger from city to city. From Guangzhou to Beijing is 2100km. So should cost more than a Rome to Milan tip. Also driving in China is near impossible due to distance but also china charges per exit on expressway. So the further you drive, the more it cost.

@lzh4950 9 ай бұрын

Heard that expressway tolls are also relatively more expensive in mainland China as too many expressways may have been built & thus each of them may have less vehicles using them to spread the toll revenue across

@darketobis Жыл бұрын

You should also talk about China's EPR nuclear plant. They've built this plant too quickly.

@robocop581 Жыл бұрын

Amtrak is also bleeding money LOL

@brycekwishima1810 Жыл бұрын

MTrack should just build solar panels above there rails and diversify like hongkong metro leases... Green energy is lucrative as well and they have the space to do it.

@floxy20 Жыл бұрын

Having rail stations placed far away from city centers seems to defeat the purpose of HSR, does it not? It is vastly less expensive to build and maintain conventional passenger rail service so why the obsession about time saved? All HSR except in Japan loses money.

@leonpaelinck 11 ай бұрын

Not if there is smooth rapid transit connection

@lzh4950 9 ай бұрын

Apple Daily did a comparison that indeed because of this, it takes about the same duration to travel from HK to Guangzhou via either high-speed or normal-speed train, as the former stops @ Guangzhou S station that 17km further out from downtown Guangzhou. Heard Guangzhou S station is positioned there to hopefully catalyze more developed in the then less populated Panyu district that it is in. Smaller cities en-route HSR lines between major cities in mainland China may also have their stations further from their downtowns I heard, so that the lines can be straighter. As for Japan their normal-speed trains use narrower track gauge that'd be too unstable for HSR I think, so their _shinkansen_ can't share tracks with normal-speed trains, & probably some cities have land constraints & thus lack space for additional dedicated HSR track, & thus the HSR station has to be placed further away from downtown. An extreme example is shin-Hakodate-Hokuto station which is as far from downtown Hakodate as Guangzhou S station is from downtown Guangzhou, as Hakodate is located along a bay but the HSR line runs further inland en-route from Honshu to Sapporo further north (meanwhile Hakodate's downtown normal-speed main train station has to be served by a spur rail line from the older normal-speed Hakodate Main Line that also runs parallel to the HSR, going north to Sapporo too)

@davidherdman9798 3 ай бұрын

And the supposed 'cost' quoted here for infrastructure does NOT include any 4eserves for preventative maintenance. China Rail loses about 40 million dollars PER DAY.

@scy3894 Жыл бұрын

Price isn’t an issue! You don’t commute on a daily basis.

@globeex Жыл бұрын

Well if you only use the high-speed train one per month that would already be 9% of the average income. And if you purchase a return ticket it's already 18%. That's not very affordable.

@scy3894 Жыл бұрын

@@globeex you don’t use average income since the high speed is not intended as such for daily usage and large part of the people don’t have the need to travel by high speed on a daily basis or even on a monthly basis. Sometimes they travel once or twice a year to hometown during the main holiday periods. Using high speed means you can afford it. Nobody talks about it because it’s a non issue.

@oceanwave4502 Жыл бұрын

In addition, HSR helps China reduce reliance on oil import (for transportation). Some parts of generated electricity are still from fossil fuels, but in the long term, they will be replaced by nuclear (especially with Thorium), solar wind. Last but not least, public transportation is rarely meant to earn profits. Ever ask why US military never produces profits during its operation despite 800b dollars investment per year?

@Gearparadummies Жыл бұрын

@@MM-nd1ldChina's GDP per capita is less than $10k a year. Alas, if you don't live in one of China's business hubs(which is the case of the majority of China's population) you can't afford this type of commuting. Dictatorships are very fond of this kind of high visibility megaprojects, even if they don't account for much in the overall life of their population.

@Gearparadummies Жыл бұрын

@@oceanwave4502The military is not a transportation service. Have you heard the word "demagoguery"? Look it up.

@lowkongfoo1 Жыл бұрын

I traveled in high speed rail in China last month. If you say people cannot afford the train ticket why are the first n second class tickets first to sell out? People can afford expensive ticket. You want cheap go for economy seats which are easier to purchase. you r biased in reporting

@globeex Жыл бұрын

The point is that the cheapest (2nd class / economy) tickets are expensive for people with an average income. Of course you have wealthy people & business travelers that fill up the fewer high price seats on popular routes. That does not negate the point of the argument but just tries to deflect it onto something else.

@HowDareUbuddy 5 ай бұрын

never heard anything about how they shake so bad?

@retroarcadefan Жыл бұрын

Like the channel, wish you would ditch the AI voice.

@globeex Жыл бұрын

Thank you for the kind words. A professional voiceover is unfortunately not possible for us yet with the current budget. We hope to be able to do it soon and keep improving our content.

@jiesong7069 Жыл бұрын

2023 July 30th At 13:26: Hurry to resume Traditional Chinese Words in the continent of Eastern Asia, P. R. China. Jie Song, in Florida, United States of America.

@jimmylam9846 Жыл бұрын

.........last 15 years not twenty !

@globeex Жыл бұрын

Yes, the first route (Beijing-Tianjin) opened for service in 2008, but early planning already started around 2002/2003

@altyl1517 Жыл бұрын

Building up infrastructure of a nation is supposed to be a good strategy. However, when this strategy is abused as one of the measurements for CCP provincial leaders to get promotions, those leaders just put their personal interests before everything. Cost effectiveness is not their concern in making decisions.

@oneTOU3 Жыл бұрын

All of China's high-speed lines don't make money!

@manwheat5150 Жыл бұрын

呵呵如期而至不奇怪

@guylancaster2055 Жыл бұрын

Yes…. Lack of paying customers… which proves that the entire system is non-economic…

@nogosari3596 Жыл бұрын

😂 i cant take your video seriously. beijing and shanghai are tier 1 cities, and you calculate affordability using whole china median income. did you realize there are differences for 1.4billion people income? and there are cheaper hsr ticket for the route. dont take your only from google.

@globeex Жыл бұрын

There are also differences in income in the other countries mentioned. Therefore the comparison is fair by using the average income in each location. Of course the extent of the income gap in China is a whole other issue. But the argument holds true: It's too expensive for the average citizen.

@htabbas Жыл бұрын

@@globeex not sure how useful is your conclusion "too expensive for the average citizen". You can also make the argument that an iPhone is also too expensive for the average citizen, but so what?

@globeex Жыл бұрын

You are comparing luxury goods to transportation (basic needs). That's just ridiculous.

@user-ez9rw5lm5w 9 ай бұрын

On KZfaq, at least half of the videos about China's high-speed rail are about how to lose money. These people will always focus on whether it is profitable as the main reference point. They will never pay attention to how much the opening of these high-speed rail lines will improve the local people, the local government, and the entire country's economy. The government cannot invest in all public facilities in pursuit of profits, otherwise China will be the next United States. And the most important point is that no one needs to worry about China’s hundreds of millions of middle-class people traveling on high-speed rail and being unable to afford the fare.

@globeex 8 ай бұрын

The argument of the video is that the ticket price is too high for the average Chinese citizen. The video is not about the system losing money.

@tominmtnvw Жыл бұрын

Nobody talks about it because nobody cares.

@globeex Жыл бұрын

Appreciate your valuable input.

@royrosete7085 Жыл бұрын

$900 billion spent, $40 million loss per day, route designed for 50 trains run 3. All these for a rosy GDP. some routes can’t even pay their electric bill. heh. heh. heh.

@stvdmc2011 Жыл бұрын

at least there are tracks and shiny trains whereas we spend the money but no track or trains.

@alaindumas1824 Жыл бұрын

You are mistaken. At China's fare levels, which are actually low by international standards, the first 40 fares on a 450 passenger train will pay the electrical bill. Try to buy a ticket on most lines and you will see that occupancy ratio is high and trains are frequent and often sold out.

@user-ib7hh6ng6b 10 ай бұрын

so you really know chinese income per month?

@globeex 10 ай бұрын

There are countless of public statistics available.

@michaellynn9763 4 ай бұрын

Just like every other country, there is a huge variance, but the stated average is approximately correct. I know a few people that earn 400 - 600 dollars a month (also a very common income for the eastern block countries) and I know people earning 7000 dollars per month. Unfortunately, the legal minimum wage stipulated by local government in each province is so low that even a company offering 100% more per month is seen as an attractive prospect. When you consider that the minimum wage in Beijing is only 2200 renminbi, a 3800 per -month job looks pretty attractive. That attitude of course, only works by comparison. It's like saying that last year your company made 1 dollar profit but this year we made 2 dollars profit and you try to sell it to an investor on the proviso your profits have doubled. I don't know how the minimum wage is calculated but I would assume that it factors in a shared dormitory with daily food costs of around 12+22+22.