China will need stronger action to ensure a level playing field – as the struggles of its first privately owned high-speed railways show.
The article discusses China's efforts to revive its private sector, highlighting the significance of the first privately funded high-speed railway in Zhejiang province. The 350 km/h railway, connecting Wenzhou and Hangzhou, symbolizes a broader initiative to attract private investment in infrastructure. However, challenges such as ensuring a fair competitive environment and achieving profitability persist. The Two Sessions 2025 provide a platform to address these issues, while global dynamics, including the impact of Donald Trump's second term, further complicate China's economic strategy.
