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Power Shift
China Observer
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Comments by "Power Shift" (@powershift2024) on "Chinaโs High-Speed Rail Is Dead: Over 4,000 Ghostly Stations, Billions Spent, No Passengers" video.
#theskydontlie
15
They actually lose a trillion RMB per year on these, of course that isn't included with their "GDP" growth. ๐
8
@robman2095 You're halfway there. GDP in construction represents the sum of the costs-incurred and the incomes-earned in production, and consists of compensation of employees, taxes on production and imports, less subsidies, and GROSS OPERATING SURPLUS. Keywords are 'gross operating surplus.' In principle, it includes the (separately itemised) increase in the value of output inventories held, with or without a valuation adjustment reflecting average prices during the accounting period. It's also one of the reasons China has a LOW to MID value added economy and cannot move up in to a HIGH value added economy, which is what the US is.
6
โ @oldernu1250 and a healthy organ tourism industry๐ฎ
4
Definitely, #theskydontlie will always shine through
4
600 million people living in extreme poverty, 1 trillion dollars in losses every year to TRY and maintain the HSR. That's sour grapes for the people there, champ. ๐ค
4
Their organ tourism industry is top notch though
3
Now just because their pollution is so intense #theskydontlie the Forbidden City was flooded with garbage for the first time ever in 600 years doesn't make them greedy, they're just disgusting.
3
Yet you still watch it, that doesn't look very good from your point. Cheers!!!! ๐น๐ผ๐น๐ผ๐น๐ผ๐น๐ผ
3
โ @SumTingWong888 it's declining at the fastest rate ever in human history, including all wars, pandemics, natural disasters, etc. ๐ฎ
3
Rural migration was increasing 4 years ago and is still accelerating. You must've missed the Shanghai Academy of Sciences report stating youth unemployment is almost 50%. Try again.
2
A loss of a trillion dollars per year just to say 'look at all this HSR we stole from other countries.' The funniest part is thousands of kilometers are being converted back to regular rail, no HSR, because they're bankrupt. Only in China. ๐ฎ
1
@sleepinglaffey3886 Xi JinPork Puke must've gained at least 80lbs to that giant, misshapened head of his... ๐ฉ๐๐
1
The gov't LOSES 1 trillion dollars per year just trying to maintain the massively overbuilt and massively under used HSR. I wonder how the rural people feel like when what very little they have is being used to support a facade for bragging rights? Who needs food, clean water or an actual education for your children when you can brag about having the most costly transportation in the world? Smfh.
1
@acheable many civil, lower level gov't employees, contractors, some police officers, etc, etc, haven't been paid for over 2 years now. As far as young people being their "greatest asset," I would agree but they are also deep in to the fastest population collapse in human history because of the 1 child policy that was brutally enforced for over 35 years. There's a reason the gov't has a complete blackout on all negative news and shows only communist propaganda. Your heart's in the right place but the situation is becoming so dire that it's just a matter of a few years left until the nation could dissolve.
1
@acheable many civil, lower level gov't employees, contractors, some police officers, etc, etc, haven't been paid for over 2 years now. As far as young people being their "greatest asset," I would agree but they are also deep in to the fastest population collapse in history because of the 1 child policy that was brutally enforced for over 35 years. There's a reason the gov't has a complete blackout on all negative news and shows only communist propaganda. Your heart's in the right place but the situation is becoming so dire that it's just a matter of a few years left until the nation could dissolve.
1
@ric6074 a country with 600 million of its citizens living in poverty is a superpower in starvation only. ๐ฎ๐ฉ๐ฉ๐ฉ๐ฉ
1
Must be where those unused apartments were built to house an excess of 3 billion people against the country's ACTUAL housing needs. Whoops!
1