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What stage of copium is this? (lemmygrad.ml)
submitted 2 years ago by to c/dredge_tank@hexbear.net
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Mfs seem to have forgotten that Chinese GDP PPP is already higher than the US

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[–] 29 points 2 years ago* (last edited 2 years ago) (2 children)

China built an extensive high-speed rail network. But it consistently loses money.

Literally a week ago (China State Railway Group includes high-speed rail as well):

Source: https://www.scmp.com/economy/china-economy/article/3276871/chinas-railway-operator-brings-gravy-train-posting-profits-and-lowering-debt-ratios

Also, companies like Amazon and Uber made huge losses for YEARS, so they could increase market share and eventually use their size to incur massive profits later.

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  • [–] [S] 16 points 2 years ago* (last edited 2 years ago)

    I wouldn't compare china's railways to amazon or uber. They don't need to make a profit in the first place. Dumbass neoliberals, despite proclaiming themselves as the clerics of capitalism don't even seem to understand that the only bad kind of debt for a government is foreign debt. And china has a massive trade surplus. They don't need to give a shit that the railways are making a loss.

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