The high speed rail comparison is a good example of how this view is as flawed as the idea that China makes cheap crap. China spent around a trillion dollars w

The high speed rail comparison is a good example of how this view is as flawed as the idea that China makes cheap crap. China spent around a trillion dollars worth of conjured financial assets on their high speed rail network. The result has some very positive qualities but also ongoing cost overruns, many incidents including quite a few deaths, and spotty service on routes that turned out to have inconsistent demand. Now the bills are coming due, revenues are way down, the country is in a large downturn, and the future is cloudy. We will see how things play out, but the idea that China has a great rail network only really stands if you ignore all the issues with debt, maintenance, and disappointing utilization.