While China boasts of its high-speed trains, there are others that go at 40 km/h and are just as important

We have spoken on many occasions about the enormous China’s railway infrastructurewith a very extensive network of high speed trains who serve this colossal country. But in parallel to this technological showcase, China also operates another network of trains that travel at less than 40 km/h, cost less than the price of a coffee and have not raised their prices for decades. And no, they are not a vestige of the past that no one has bothered to dismantle. They are perfectly functional and provide a very important service in the country. What exactly are they? They are officially known as public welfare trains, although many of the population refer to them as “slow trains for the poor.” The Chinese government maintains 81 active routes of this type throughout the country, all of them inherited from the era of Mao (Mao Zedong, who ruled the People’s Republic of China from 49 until his death in 76) and preserved as a social service. According to collect Marketplace, are trains painted in military green with a yellow stripe (the classic image of the Chinese railway before modernization) that stop at each station along the way, including small remote villages that no other transportation connects with the outside. Its prices are so low that the train itself has a sign painted on the side that identifies it as a “slow train in the fight against poverty.” How cheap are they? To give an example, the minimum fare for the train that travels 376 kilometers between the provinces of Sichuan and Yunnan is 2 yuan, which is equivalent to about 25 euro cents. The maximum, for the complete journey of more than 11 hours, is 25.5 yuan (less than 3.50 euros). According to People’s Dailythat price has not changed for more than 30 years. What are they really for? The point is that these trains not only transport passengers, they are economic, health and educational infrastructure for communities that would otherwise be isolated. People’s Daily account how some carriages incorporate notice boards with crop prices to facilitate trade between farmers and urban buyers. In several trains, rows of seats have been removed so that farmers can board with their goods (vegetables, chickens, construction materials, etc.) without restrictions. Just like account According to the Xinhua agency, these types of trains are like a mobile artery that takes villagers to the market, transports livestock and allows children to go to school in the nearest towns. Tsocial ermometer. Axi Aga has been working on train 5633 since 1996. He started as a flight attendant when passengers boarded carrying potatoes, corn flour and turnips, and could barely afford instant noodles during the journey. In 2020 explained to the portal of the Chinese State Council (SCIO) that currently sees passengers boarding who are concerned about how they are dressed, wearing traditional costumes on holidays and recording videos for social networks. “The train is like a mobile town in which I have witnessed the changes it has brought to people over the last 25 years,” he told the outlet. According to Aga, girls used to barely appear among the students. Today they represent two thirds of the students who use the train. Beyond transportation. In recent decades, these routes have evolved into something more akin to a service platform. According to People’s Dailysome trains in the north of the country already have shelves of books, study tables with plugs and school supplies for children who do their homework during the journey, with conductors who help them during breaks. They also carry hot water bottles, thermal bags and portable chargers. In winter, the carriages are kept at 20 degrees to protect passengers from the freezing cold. Furthermore, over time they have incorporated air conditioning and progressive improvements without giving up their public service mission. Why the government keeps them at a loss. They are more of a social policy strategy than a commercial one. These routes lose money, since their fares do not cover operating costs and the State subsidizes them directly. The decision to maintain them is simply territorial cohesion, that is, ensuring that the most remote and poorest areas of the country are not disconnected from the rest of China. The Global Times points out that these routes have been in operation for more than 60 years and that the national railway considers them a structural measure to combat poverty, not a residual service. Cover image | Wikimedia Commons and People’s Daily In Xataka | 16,000 passengers per hour, 9.5 billion trips: China is showing the world what high speed is for

Bitcoin boasts decentralization. But a third is already in the hands of large centralized actors

Bitcoin’s “whales” are getting bigger. This is what it indicates A recent study of Gemini and Glassnode in which there is talk of the great “centralized treasury of Bitcoin”, which already control 30.9% of the bitcoins that currently circulate. The data is striking, but it is not entirely conclusive, and the decentralization of cryptocurrency remains high. 216 Ballenatos. In 2021 we talked about how Bitcoin’s 10,000 most important investors They controlled more than a third of all cryptocurrencies in circulation. They were the great whales of the market, people or entities that had accumulated huge amounts of cryptodivisas. That concentration was already worrying, but now it is more: According to the data From the aforementioned study, there are now 216 large centralized entities that controls a third of all bitcoin in circulation. An upward trend. The report indicates how the total number of bitcoins that have ended up acquiring the great institutional and custody entities has grown up to 6,145,207 bitcoins. That represents an increase of 924% in the amount of bitcoins that such entities had a decade ago. Of hate to institutional love. During the past decade the vast majority of the institutions remained away from Bitcoin, but in recent times we have lived a unique change in the mentality of these entities. Companies and governments have begun to invest in Bitcoins in an extraordinary way, and Institutional love It is now a clear exponent of the situation – and the price – of Bitcoin. Companies that bet strongly. Bitcoin’s value does not suffer great changes weeks, but the enthusiasm on the part of the great entities continues. Strategythe firm led by Michael Saylor, Keep buying as if there were no tomorrow and already has 592,000 of these cryptodivises. Far away are others such as Mara Holdings (49,179) or Twenty One Capital, which It already has 37,230 bitcoins. Tesla, by the way, has 11,509 bitcoins, although that unusual interest seems to have stopped. Companies such as Exchange Coinbase (9,267) or the “Mining” Hut 8 mining corp (10,273) group also demonstrate that interest in monopolizing more and more bitcoins. And the countries, too. Not only are companies: some governments have also made strong investments in this cryptocurrency or have obtained it from seizures. The US is a good example: almost all of its 207,189 bitcoins come from the operations carried out against Silk Road or what He recovered In 2022 after the Bitfinex hacking In 2016. The North American country is the one that has the most BTC ahead of China (194,000) or the United Kingdom (61,000). El Salvador, who was especially notorious to end up becoming Bitcoin into legal tender and then backwardyou have much less, 6,089 bitcoins. They are still many. A misleading concentration. Although Gemini’s data are striking, they are also somewhat confused, especially because in their definition of large entities the large markets for the sale of cryptodivisas and The ETF and Bitcoin -based financial products. But it is that in reality the cryptocurrencies that accumulate these centralized entities – which are certainly – are not one of those entities in their vast majority, but of the investors that use them and operate in this market through such financial products. A more realistic figure. Similar studies such as Made by Bitmex Research in April reveal a somewhat less worrying concentration. Of the 21 million bitcoin that will end up producing, 11.9% are in the hands of companies and governments, but above all of ETFs and funds, as well as Indicates Bitcintreasuries. The vast majority (69.4%) are in the hands of independent investors, and especially surprises how 7.5% of all bitcoins that have occurred have ended up being lost forever. That percentage was even higher in 2017but since then it seems that those who invest in them have taken many measures to avoid losing them. Outstanding image | Erling Løken Andersen In Xataka | A man threw his hard drive and lost 700 million euros in Bitcoins. Now you will have your own series

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