China to Increase Investment in Railway Sector
Year:2008 ISSUE:31
COLUMN:POLICY, ECONOMY & FINANCE
Click:215    DateTime:Nov.04,2008
China to Increase Investment in Railway Sector      

China increases the planned investment in the railway sector to RMB2 trillion during the 11th Five-year Program (2006 - 2010) from the previous RMB1.25 trillion, following the approval by the State Council, the Ministry of Railway released on October 24th.
   It indicates that China will add annually an investment of RMB400 billion in the railway sector during 2009 - 2010. "The railway sector will be a core that the state will fix an input increase during 2009 - 2010," says a senior official of the National Development and Reform Commission. "The measure is to promote the domestic demand."