DALIAN, China -- China's state-owned railway company has raised prices on major high-speed routes and introduced premium seats to chip away at the $859 billion in debt it has racked up amid its aggressive network expansion.
Transportation
China high-speed rail operator forced to hike fares as debt balloons
Rapid expansion leaves China Railway with $859bn in debt along with unused stations
China Railway has introduced a new fare system and premium seats to try and improve profitability. (Photo by Kohei Fujimura)
Read Next
_2048x1152.jpg?width=700&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=394)
_2048x1152.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Transportation
