90% Of China’s Tofu-Dreg Subways Lose Money, With Beijing’s Debt Over 500 Billion! Why Build More?

“The sound of a subway signals stacks of gold.” That Chinese motto could be why China has one of the most massive metro systems in the entire world. 
Hundreds of thousands of riders, grand real-estate property, and and a bustling economy is what every developer dreams of when subway stations pop up on city streets. 
So Chinese cities should be raking in the cash with all that subway rail, right? Well, not quite. Let’s dig into how Chinese metros make their money.