China Railway expands high-speed network as profits take back seat

State-owned operator's debt rises to 5% of national GDP

20230127N China high-speed train

China has laid more high-speed rail track than any other country and plans to build even more. (Photo by Shin Watanabe)

SHIN WATANABE, Nikkei staff writer

DALIAN, China -- China's national railway company continues its drive to expand its high-speed network, but support for the economy rather than profitability appears to be the locomotive force.

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