Ministry Says It Plans to Spend 650 Bln Yuan on Railway System in 2013
(Beijing) – China will spend 650 billion yuan on its railway system this year, including 520 billion yuan on building infrastructure, the Ministry of Railways says.
The total investment is the third largest in the country's history after 2009 and 2010. It would extend China's railway tracks by 5,200 kilometers.
The plan is subject to adjustment based on the economy at large, a ministry official said.
- Solar Firm's White Knight Faces Wary Bond Creditors
- Xinhuanet Shares Suspended, Frozen After Surging In Debut on Shanghai Exchange
- Government-Microsoft Deal Could Hamper Development of Homegrown Operating Systems, Academic Warns
- Mastermind of Gang that Sold Beijing Hukou Documents Imprisoned for Three Years
- Accusations of Plagiarism Rock China's Academia
- Yuan’s Continued Slide Reflects 'Orderly Devaluation' of Currency
- Closer Look: China's Debt Crisis Has Similarities to 1998 Situation
- Bankruptcy Becomes Option in Addressing Debt Crisis
- Government-Backed Investment Funds to Help With Deleveraging
- Public-Private Partnerships May Have Added to Debt Overhang
- Sign up to receive our free daily newsletter
- Shanghai Seeks to Enforce Ban on Overseas Curricula at International Schools
- Chinese Workers' Salaries Fail to Keep Pace with GDP Growth, Study Finds
- Air-Scrubbing Tower Gives Beijingers Breathing Room
- China's Largest Cities Attracting Fewer Migrants, Study Shows
- Xiaomi Unveils New Smartphones as Apple and Samsung Falter
- Poor Parenting Hinders Development of China's Rural Children, Study Shows
- Closer Look: Is Cutting Steel Overcapacity Working as Well As it Appears?
- Debt-To-Equity Can't Be The Only Way to Deal With Corporate Debt
- Chinese State-Owned Shipping Company Declared Bankrupt
- Online Travel Site Qunar Agrees to $4.44 Billion Buyout