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
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Hong Kong Prop


Issue 98
February , 2016

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Hong Kong Prop
China's central bank is supporting the yuan and fending off short-sellers in the world's largest offshore yuan market
Issue 98
02.01.2016

Subscribe       |       Newsletter        |        FAQ