China’s state-owned railway operator has bucked economic trends by registering profits and lower debt ratios for the first six months of 2024.

https://archive.is/z7eZG

  • comrade-bear@lemmygrad.ml
    ·
    4 months ago

    So you have to spend money to make money and the west is surprised about it, because there wasnt a collapse of the company when it wasn't profitable, like it happens in the US with every investor bailing on the company and worsening the issue. Almost like infrastructure projects are worthwhile investments even if it does not provide short term gains

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
      ·
      4 months ago

      This once again highlights how market driven economies are simply not capable of delivering large scale projects. The horizon for profitability is just too far for any private investors to bother funding such an enterprise. And people living in such societies become unable to even conceive of projects on such a scale because that's completely outside their lived experience.

    • poo_22@lemmygrad.ml
      ·
      4 months ago

      Do you know what happens in RTS games like StarCraft when you let your resources pile up and your opponent spends all of them? You get rolled lol.

  • Comprehensive49@lemmygrad.ml
    ·
    4 months ago

    China's rail actually makes money and is paying off their debts! What will all the Westoid collapse narratives say this time?

  • Soviet Pigeon@lemmygrad.ml
    ·
    4 months ago

    Jesus, on the first look I thought it is some kind of weird mainboard I have never seen, with legacy interfaces but somehow the distances are way to low.