132 views since Nov 26, 2023

#china #chinanews #Asia #saudiarabia #usa


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So far, railway construction is China’s famous business card and the foundation for China’s economic rise. In recent years, China's railway mileage has been setting new records. In addition, China has also provided railway construction assistance to many countries, such as assisting in the construction of railways, roads, hospitals and other facilities in Ethiopia. This behavior of China has been appreciated by countries around the world.

Saudi Arabia is also a country that needs to improve its railway network. Therefore, they reached a cooperation with China on a new railway project, which is the Mecca Light Rail Railway.

However, the news that this railway project suffered a loss of US$700 million has caused widespread controversy in many countries. Among them, Japan and the United States both laughed at China for becoming a victim of losses on this railway and were glad that they gave up on the construction of this railway in the first place.

In today's video, let us take a look at why China, as a powerhouse in infrastructure construction, suffered a loss of US$700 million from building railways? What happened?

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