综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Industries

China launches new State-owned railway corporation

Xinhua | Updated: 2013-03-15 10:10

BEIJING -- The Chinese government has approved the establishment of China Railway Corporation to perform the commercial functions of the defunct Ministry of Railways as part of the cabinet restructuring plan.

The planned corporation, with a registered capital of 1.04 trillion yuan ($165.73 billion), will be a wholly State-owned enterprise administered by the central government and supervised by the Ministry of Transport and the future State Railways Administration (SRA), according to a statement posted on the government website.

The Ministry of Finance will represent the State Council in performing the functions as investors, according to the statement.

The approval came after the 12th National People's Congress (NPC) adopted a cabinet restructuring plan at a plenary meeting on Thursday, which includes dismantling the MOR into administrative and commercial arms in a bid to reduce bureaucracy and improve efficiency.

While the SRA will perform the administrative functions, China Railway Corporation will run commercial businesses which are currently controlled by the MOR.

The related assets, debts and personnel of the previous MOR will be transferred to the corporation, while the interests and rights of 18 local railway administrative bureaus, three transport companies and the rest companies will also be added to the corporation's assets.

According to the statement, the central government will allow the corporation not to turn over gains made from state-owned assets before the debts of the former MOR are properly handled.

The ministry's debt-to-asset ratio climbed to 61.81 percent at the end of September 2012. Its total assets were 4.3 trillion yuan and its debts amounted to 2.66 trillion yuan at that time, official data showed.

The hefty debts came along the country's construction boom in recent years and have aroused public concerns.

According to the MOR, China had 98,000 km of rail lines, including 9,356 km of high-speed rail lines, in operation at the end of 2012.

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
射洪县| 双鸭山市| 桦甸市| 高要市| 弥渡县| 元阳县| 平果县| 周口市| 普兰店市| 周至县| 屏东市| 英吉沙县| 右玉县| 镇赉县| 桦甸市| 崇文区| 沾化县| 临泉县| 高要市| 新乡县| 晋宁县| 泉州市| 普安县| 察隅县| 皋兰县| 秦皇岛市| 修武县| 马公市| 武宣县| 繁昌县| 土默特左旗| 南涧| 惠东县| 濉溪县| 彝良县| 和政县| 达孜县| 云浮市| 尤溪县| 辽阳市| 连平县|