China is introducing guidelines to limit new high-speed rail construction along underused routes as it seeks to drop projects that give short-term boosts to local economies but add to the huge debts of regional governments.
Huh, looks like they're trying to avoid unnecessary growth. What a novel and crazy concept.
avoid unnecessary growth. What a novel and crazy concept.
Noooo, degrowth harms the global poor! :wojak-nooo: :DSA:
Only in China do they have to work to prevent a crisis of overproduction of high speed rail. I'm so proud
I feel unwell, Bl**mberg predicted this roughly a year ago if I remember (I'm not reading the article again)
https://web.archive.org/web/20210302165409/https://www.bloomberg.com/opinion/articles/2020-08-17/china-doesn-t-need-another-125-000-miles-of-high-speed-rail
