I think what you were referring to was the subway/metro projects.
Believe it or not, there are still another 10000km of HSR that is scheduled to be built, on top of China’s already impressive 50000km of HSRs (70% of all the world’s high speed rails)!
How many of that will eventually be built isn’t clear, and only time will tell.
The HSRs were supposed to drive up the land value by stimulating development of new and nearby cities, which local governments rely on to finance their expenses. As only ~2300km of the 50000km HSRs are actually making profit, HSR development is tightly connected to the real estate prices, which have been plunging since 2021, and the local governments that have taken out huge debt for their development (especially after 2015) are now in deep trouble with the debt bubble.
China has been trying to build HSRs overseas but the premier project, Indonesia’s Jakarta-Bandung HSR, is running into profitability issue currently as the number of passengers is below expectation while operational costs continue to mount.
I think what you were referring to was the subway/metro projects.
Believe it or not, there are still another 10000km of HSR that is scheduled to be built, on top of China’s already impressive 50000km of HSRs (70% of all the world’s high speed rails)!
How many of that will eventually be built isn’t clear, and only time will tell.
The HSRs were supposed to drive up the land value by stimulating development of new and nearby cities, which local governments rely on to finance their expenses. As only ~2300km of the 50000km HSRs are actually making profit, HSR development is tightly connected to the real estate prices, which have been plunging since 2021, and the local governments that have taken out huge debt for their development (especially after 2015) are now in deep trouble with the debt bubble.
China has been trying to build HSRs overseas but the premier project, Indonesia’s Jakarta-Bandung HSR, is running into profitability issue currently as the number of passengers is below expectation while operational costs continue to mount.
Thanks for the clarification!