China's high-speed rail system is the largest in the world, spanning 45,000 kilometers, but its strength lies in its scale rather than technology. The system operates at a loss, subsidized by the government, with local governments eager to build stations for their economic impact, particularly boosting land values. The true value lies in land development rather than ticket revenue, and local leaders often use rail stations to fuel property sales. While this capital-driven model initially spurred rapid growth, it has led to oversaturation, with some areas suffering from underutilized stations and massive debts. This approach, driven by a mix of political incentives and capital gain, has raised concerns over the long-term sustainability of China's high-speed rail expansion.

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