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International Railroad Discussion > China Railway owes almost twice as much money as GreeceDate: 05/12/16 18:19 China Railway owes almost twice as much money as Greece Author: GenePoon China Railway debt reaches $US 640B
International Railway Journal May 06, 2016 by Keith Barrow > China Railway debt reaches $US 640bn > > CHINA Railway Corporation (CRC) has almost twice as much debt as the > Greek government, according to an external audit of the company's > first quarter results, which reveals total debts reached Yuan 4.14 > trillion ($US 640bn) at the end of March, a 10.4% year-on-year > increase. > > Beijing-based business publisher Caixin reported on May 5 that the > auditor's findings were posted on the website of China Central > Deposit and Clearing Company on April 29. Full article: http://www.railjournal.com/index.php/asia/china-railway-debt-reaches-dolus-680bn.html Date: 05/13/16 16:05 Re: China Railway owes almost twice as much money as Greece Author: Ray_Murphy At least the Chinese built something with that money.
Ray  Date: 05/13/16 18:50 Re: China Railway owes almost twice as much money as Greece Author: CPRR Do not worry....in China managers "disappear " over problems like these
Posted from iPhone Date: 05/16/16 22:24 Re: China Railway owes almost twice as much money as Greece Author: cchan006 Ray_Murphy Wrote:
------------------------------------------------------- > At least the Chinese built something with that > money. > > Ray Good point, but there's a CA HSR connection in all this, at least in my sometimes twisted mind. CA HSR board members "toured" Asia when Schwarzenegger was about to leave as governor of California. They spent more resources and time to look at what the Chinese were doing (copycats) instead of what the Japanese were doing (pioneers). Current governor (Jerry Brown, a.k.a "Moonbeam" or I like to call him "Moonbeam v2.0" since he's wiser) also went to China to study how they do HSR over there. When he was younger and more foolish, he was more interested in what France and Japan were doing... Why the current obession with China? France, Germany, and Japan are the technology leaders, where China "borrowed" their ideas from. I have my theories on why that is, but I'm not ready to discuss that yet. Anyway, it'd be a twist of irony if we recruit China's help in the CA HSR project, only to be abandoned, just like what happened in Venezuela. Edited 1 time(s). Last edit at 05/16/16 22:30 by cchan006. |