This Round Table discussion focuses on the serious financial challenges facing China's public bus services. Rising costs, a drop in ridership—partly due to competition from ride-hailing and other transport options, as well as an aging population—and the reduction of subsidies have all contributed to the crisis. A new government regulation requires local authorities to support bus services directly, preventing arbitrary route closures. However, a sustainable solution may involve adopting a more market-driven approach, which could include fare increases for certain groups while ensuring low-income riders can still afford to travel. The conversation underscores the vital role buses play in providing affordable transportation for millions, even as they navigate the difficulties of staying profitable in a shifting market.
