Huge debt burden can be regarded as a big issue faced by China's high-speed rail system for its continuous operation. He Jun, ANBOUND senior researcher, states that Chinese railway construction has been supported by a disguised government credit. In essence, the railroad debt is subject to government debt. Due to its attributes of state-owned assets and powerful positive externalities, China’s high-speed rail system requires a long-term maintenance of quasi-public welfare assets from the central government. Therefore, the approaches to solve Chinese high-speed rail system problems should not be confined to enterprise level, but a wider view focusing on the overall national economic system.