Caixin OnlineBusiness & IndustryTop Stories Industry Cabinet Tells CRC to Devise Investment Reform Plan by Year's End
07.30.2013 18:11

Cabinet Tells CRC to Devise Investment Reform Plan by Year's End

State Council wants route for private capital to enter the industry by next year, but railroad operator said to resist
By staff reporter Lu Bingyang

(Beijing) – The cabinet has told China Railway Corp. (CRC) to work out a detailed reform plan for investment and financing by the end of the year, a source in the organization that operates the country's railroads says.

The State Council also told the CRC, which was spun off from the Ministry of Railways in March, to open the ownership and operation of intercity railroads and the lines that carry natural resources to private capital by next year.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter


Latest Issue
On the Cover:

Bonds on the Brink

Issue 101
May , 2016



Economics & Finance
Latest Issue:
Bonds on the Brink
An interbank bond trading platform is reeling over a state-owned company’s debt crisis, prompting a regulatory review
Issue 101

Subscribe       |       Newsletter        |        FAQ