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Steven Phillips
China Observer
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Comments by "Steven Phillips" (@stevenphillips3466) on "China’s High-Speed Rail in Crisis, Leaves "Zombie Stations", and Debt Surges to 9 Trillion Dollar" video.
High speed rail is not a " giant Rhino " obstructing Chinas development ....is a huge White Elephant !
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Its like China is full of AMTRAC
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In thinking China is going to devolve into a Post apocalyptic waste land as all these Whit e elephant debt bombs start going off . It seems everything was so over done , over Built , no concern for actual Market values and so rife with Corruption that there is no way China will be able to burden the debt caused . Chinese will go back to pre 1950's society and standard of living . Except that their country will be horribly polluted and much farm land plowed over and cemented and teh country in unpayable debt ....
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