男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

China sets up $167b State-owned railway corp

cctv.com | Updated: 2013-03-18 09:34

The Chinese government has given the green light to set up a national railway company with a registered capital of more than 1 trillion yuan. The move comes after a decision by the top legislature to dissolve the country's Ministry of Railways, as part of a dramatic overhaul to revamp the troubled railway industry. Officials say the government will continue to provide support for this state-owned company, financially as well as with policy.

Get Flash Player

The former Ministry of Railways is now split into three entities. The most important one is the new corporation, with a registered capital of 1.04 trillion yuan, or over $167 billion. It will be a wholly State-owned enterprise, supervised by the Ministry of Transport.

The decision was made as the ministry had been facing huge debt piles and allegations of corruption over the past years. At the end of the third quarter last year, total outstanding debt reached 2.7 trillion yuan.

Railway officials say both the central government and the new corporation will take on the task.

"We will use the profits generated by the company's operations to pay off part of the debt. And for the rest, the government will take care of it, as the railway construction belongs to the public framework that helped develop the country's western areas."

Officials from the restructuring body echo this comment, saying the government will further focus on railway development to boost infrastructure across the country.

"The rail system in China is undergoing an era of great leap forward. The government will continue its support for the railway construction, not only as public works, but also as a business."

Minister Lu also says that the new company will focus on transport safety and quality service. Ticket prices will be set according to market demand, with the government intervening when necessary.

Previous reports

Keepsake photos of Railway Ministry

Investment in railways rises

Restructuring fails to lift shares

Green light given to new firm

China's railway bonds rating to remain intact

Doubts surface over reorganizing railways

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 颍上县| 南城县| 德安县| 靖西县| 宜阳县| 广东省| 舞阳县| 天长市| 临桂县| 布拖县| 右玉县| 庄河市| 陆丰市| 桂东县| 马龙县| 揭西县| 常宁市| 茂名市| 济阳县| 温州市| 普洱| 修水县| 霍城县| 嘉禾县| 图们市| 锡林郭勒盟| 繁昌县| 墨玉县| 辛集市| 永和县| 宜兴市| 肥城市| 台南市| 怀仁县| 吴桥县| 宁化县| 武穴市| 南京市| 凤台县| 三江| 镇远县| 大新县| 梧州市| 淮安市| 深州市| 惠东县| 通化县| 布拖县| 炎陵县| 绥阳县| 兴山县| 洞头县| 邵阳市| 永宁县| 旌德县| 广饶县| 滕州市| 临武县| 湛江市| 渝北区| 柘荣县| 元朗区| 股票| 石阡县| 清远市| 东阳市| 叶城县| 宜都市| 滦平县| 台江县| 磴口县| 邵东县| 满城县| 大冶市| 西安市| 客服| 安图县| 竹山县| 湖南省| 石阡县| 宝兴县| 会同县|