Many bus companies are facing a challenging future as they struggle to stay afloat. With a new regulation set to take effect in December of this year, local governments will be required to support their local bus services. However, will this intervention be enough to reverse the tide and reduce operational losses? On the show: Heyang, Steve Hatherly & Guo Yan.
Support for struggling bus services
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face a grim future
stay afloat: have enough money to pay what you owe
set to take effect: start to be in place/happen
be mandated to
turn the tide: reverse the trend of events:
reduce operational losses
What is that stake for both... and ....
promote high quality development of ...
urban modernization construction
One of the highlight of ...
news portal
Without the consent of the municipal government ... : without telling the municipal
self-explanatory: easily understood
cash flow issues
fall behind doing sth.
national renewable energy subsidy policy
humanistic point of view
suspended routes
put in place: set up or organize something in a proper or desired way
grinding tools: ?
passenger volume
all the while: during the entire time
It always baffles me of the ...
ocuppy the space
proverbial
ride-hailing system
out of the sight of
customize bus routes for
real-time travel information
going green: adopting sustainable practices hop on
splurge
exacerbate the dwindling
ridership: the number of passengers using a particular form of public transportation.
a rollout scheme: a carefully crafted strategy
exempt sb. from doing sth.: free someone from an obligation
social welfare
scale back: reduce
remain solvent: have enough money to pay all their debts
prop up: provide support
face budget constraint due to declining income from land sales
loud and clear
caught between a rock and a hard place: be in a very difficult situation
in a timely manner: on time
monthly pass: 月票
lower income bracket
hybrid work: in-person work with off-site remote work
see a spike: increase
reduce carbon footprint/carbon emissions