Railways ministry auctions 30b yuan bonds
China Daily - 42 minutes ago
BEIJING - China's Ministry of Railways (MOR) on Tuesday auctioned 30 billion yuan ($4.74 billion) worth of bonds in an attempt to finance the country's cash-starved railway construction. The bonds, which are the third of its kind this year, ...
Debts of 2 trillion yuan and rising
South China Morning Post (subscription) - 5 hours ago
The Ministry of Railways plans to issue 240 billion yuan of bonds this year, up 37 per cent from last year and double that in 2008. In a sign that the troubled Ministry of Railways is scaling back its rail-building projects, it is denying earlier media ...
China media: Railway debt gauged
BBC News - 12 hours ago
China's Railway Ministry - which is heavily in debt - has yet again came under spotlight of Chinese media. The ministry has denied previous reports that it is seeking help from the central government to facilitate some 800bn yuan of its 1tn yuan debt ...
China considers shrinking railway investment goal -report
Reuters - 14 hours ago
BEIJING Nov 8 (Reuters) - China's annual investment on railway construction could fall to about 500 billion yuan ($78.7 billion) a year, retreating from ambitious heights mapped out in a plan for the sector that has struggled with high debts, ...
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