国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

chinadaily.com.cn
left corner left corner
China Daily Website

China launches new State-owned railway corporation

Updated: 2013-03-15 10:10
( Xinhua)

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.

 
...
桂平市| 芦溪县| 前郭尔| 朝阳县| 无锡市| 固安县| 贺兰县| 鄂州市| 无为县| 河北省| 德江县| 淮北市| 称多县| 无棣县| 香港| 油尖旺区| 石河子市| 邻水| 余姚市| 静宁县| 闽侯县| 米脂县| 建宁县| 托克逊县| 郯城县| 收藏| 垦利县| 疏勒县| 金华市| 沐川县| 根河市| 开封市| 施秉县| 芮城县| 沂水县| 宜宾县| 永和县| 武冈市| 岗巴县| 股票| 法库县|