Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "90% Of China’s Tofu-Dreg Subways Lose Money, With Beijing’s Debt Over 500 Billion! Why Build More?" video.

  1. This was a fascinating episode. I watched this video many times. Below are my timestamps for this video: 🚇 China's subway systems mostly operate at a loss, and many cities don't need them due to lack of physical space and high costs. 00:54 Subways in average Chinese cities operate at a loss and only major metropolises have the physical space for subway construction. Building and operating subways in China is costly, which is why many cities don't need them. 💰 Many Chinese subway systems are operating at a loss, with only a few being profitable due to government subsidies. 02:53 Subways are seen as a status symbol and a sign of affluence for cities. Data shows that only 2 out of 24 Chinese subway systems are profitable when government subsidies are not counted. About 1 in 5 subway systems in China are making money. 💰 Shenzhen's subway system is the second most profitable in China, while Beijing's metro system suffers from significant losses. 05:28 Shenzhen's subway system earned nearly 69 million US dollars in profits, second only to Wuhan. Beijing's metro system experienced a disastrous loss of 24 billion yuan, making it the worst performing subway in terms of profitability. Shenzhen's success is attributed to lower operating costs and maintenance expenses compared to Beijing. 🚇 The National Development and Reform Commission grants permission for cities in China to expand their subway systems. 08:11 The NDRC controls the Chinese economy and gives permission for cities to upgrade their rail systems. The NDRC's response to the economic downturn and financial burden of subways remains uncertain. At least 50 cities have applied for subway construction projects this year. 🚇 Many of China's subway systems fail to meet the newly required traffic intensity standards, but the rules are being bent for some cities like Shaoxing due to potential profitability. 10:38 Only 8 out of 41 subway systems in China meet the newly set traffic intensity standards. Shaoxing, despite having a low traffic intensity ratio, received NDRC approval possibly due to its potential profitability.
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