Comments by "Twomix" (@twomix1822) on "Obsession of high-speed rail causes China’s freight, energy, and debt crisis" video.

  1. Very informative topic as usual Lei.
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  2. One major thing I want to point out is there are different kinds of debt — debt is actually good for a country when it is the right kind and right amount of debt. The US has huge debts too (over $23 trillion dollars) but US debts are performing debts meaning they are debts that are used to grow and service the economy. China has a lot of non-performing debts, basically these are debts that are useless to the economy and are just burdens on the country. According to latest report — the US has 0.89% (less than 1%) in non-performing debt while China has over 22% in non-performing debt as of 2020.
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  3.  @eagle2855  it's because of people like you who only resort to insults when they run out of logic to protect their precious idiotic CCP that is making China look bad on the international stage.
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