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We had a wonderful time in Tibet. We have learned a lot about this unique destination because of the wonderful guide Degyi who is so knowledge and always available towards our tours. We stayed at the Shangri-La Hotel Lhasa, and we would never imagine a Tibet travel could be so nice and amazing without the help of Degyi.

Also, thanks a lot to our Tibetan driver Mr.Wongdun for his safe driving and a good sense of service along the way.

We shall return Tibet in the near future!

P.B. and A. A - Europe
Tibet Travel

June 2018 (Private Tibet Journey from Kathmandu)

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  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, Chinaí»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 MORí»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 MORí»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 governmentí»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 MORí»s high remaining debt and improve the countryí»s massive railway network.

Source: Sina

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