China National Railway Corporation’s debt and losses are huge


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China National Railway Group Co., Ltd  had a total debt of 6 trillion yuan ($874.79 billion) and a net loss of 80.4 billion yuan ($11.72 billion) in the first half of this year, more than the total losses of the three major airlines on the mainland.

The financial report for the first half of 2022 published by China Railway Corporation on August 31 stated that as of June 30, China Railway Group’s total assets were 8.99 trillion yuan, and the asset-liability ratio was 66.81%, up 0.48% from the end of last year.