MOR issues short-term financial bonds of 40 bln yuan (2)

The expected return
Yu Bangli, MOR's chief economist announced at a press conference during the Spring Festival travel week that the development of high-speed railways will not lead to debt crisis.
But an unidentified employee of the field told reporters that the attendance rate is far from satisfactory.
The Zhengxi High-speed Railway, which connects Zhengzhou and Xi'an, has only transported 1.98 million passengers in its first six months of operation, which kicked off on February 6, 2010, according to the worker.
A lower sleeper aboard the Chengdu Shanghai line costs 1,165 yuan ($177) whereas it is still much higher than a discounted air ticket during off-peak season.