Splendid China Tours
About Us | Contact Us      

    0086-28-85711328
    0086-28-68101799
    info@splendidchinatours.com
HomeChina ToursTibet ToursChina Theme ToursOff The Beaten TrackYangtze CruisesChina Trip PlannerTravel Agents
China Botanical Tours
China Tours
How to Book China tour

  

I and my clients say great thank you for this trip. Clients enjoyed it much, and especially they say thank you for the Russian speaking guides - they were communicating, friendly, helpful, real professional ones. They made more than my clients excepted from them. Give the best wishes for them! 

It total, everything was great. Thanks again and hope to cooperate with you in the future. Have a nice weekend!

J. S. - Director of Branch Office
Travel Company Europe

November 2017 (12-day China Immersion Beijing - Xi'an - Chongqing - Yangtze Three Gorges - Shanghai)

More China Tour Reviews  
Name:

Email:

How large is your group:

Content:

Code:
 Click to change a new code.

  You are here: Home > China Travels News > Chinese state-owned railway giant goes into business

The China Railway Corporation, which will take over the commercial functions of the former Ministry of Railways (MOR), went into business on Sunday.

The company announced its arrival via Sina Weibo, the Chinese equivalent of Twitter, two days after receiving approval from the State Council, China’s cabinet.

The company will conduct business operations that were previously conducted by the now-defunct MOR, while the newly formed State Railways Administration will handle the MOR’s administrative responsibilities.

Rail China

With registered capital of 1.04 trillion yuan (165.73 billion U.S. dollars), the China Railway Corporation will take over all of the MOR’s related assets, liabilities and personnel, as well as shoulder the responsibility of running trains for public welfare, according to a statement posted on the government website.

The wholly state-owned enterprise is administered by the central government and supervised by the Ministry of Transport, the statement said. The move was made as part of the government’s efforts to restructure its cabinet, as well as eliminate a previous situation in which the MOR played roles as both market participant and regulator in the railway sector.

The company is expected to address the MOR’s high remaining debt and improve the country’s massive railway network.

Source: Sina

Home | China Tours | Tibet Tours | China Theme Tours | Off The Beaten Track | Yangtze Cruises
China Trip Planner | Travel Agents | About Us | Why Us | Contact Us | How to Pay | How to Book - Terms & Conditions | Site Map
Splendid China Tours, Professional China Travel Agency and China Tour Operator
Copyright © 2010 - 2030 All Rights Reserved.