Is it true that China high-speed rail loses hundreds of millions a year?

This is wrong, your unit is wrong, not one billion, but one trillion, specifically, at least four trillion. You may ask, since the high-speed rail is losing money, why should it be built? Because in China, money is concentrated in the hands of the government. Without high-speed rail, how can we get so much money to invest? In addition, reinforced concrete enterprises are mostly owned by the government. How to solve the overcapacity of reinforced concrete without repairing high-speed rail? Finally, the money is in the hands of the government, and the people have no money to spend, so they cannot stimulate the economy through consumption. The government can only rely on investment to stimulate the economy. Although the investment knows the loss, it has to be invested. You may think that if the money is in the hands of the people and the economy is driven by consumption, all the money will be used for practical purposes. But the problem is that the people have more money, their wings are hard, and the government's power is small, so they are not at ease with the people. Therefore, in China, people are doomed to be a poor family.