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PR Newswire
26-07-2013, 09:36 AM
For those vested in companies in railway industry in China...
China to pump S$681b into railway industry
BEIJING — China’s Cabinet plans to invest 3.3 trillion yuan (S$681 billion) in the country’s railway industry in the next few years as the government looks to boost the economy, which is set to expand at its slowest pace in 23 years.
The State Council, which is effectively the Cabinet, is targeting 690 billion yuan of fixed-asset investment in the railway industry this year, the daily Beijing News reported yesterday, citing a summary of a meeting led by Premier Li Keqiang. That compares with a 650 billion yuan figure given in a rail-bond prospectus published on July 19.
http://www.todayonline.com/chinaindia/ch...y-industry
China to pump S$681b into railway industry
BEIJING — China’s Cabinet plans to invest 3.3 trillion yuan (S$681 billion) in the country’s railway industry in the next few years as the government looks to boost the economy, which is set to expand at its slowest pace in 23 years.
The State Council, which is effectively the Cabinet, is targeting 690 billion yuan of fixed-asset investment in the railway industry this year, the daily Beijing News reported yesterday, citing a summary of a meeting led by Premier Li Keqiang. That compares with a 650 billion yuan figure given in a rail-bond prospectus published on July 19.
http://www.todayonline.com/chinaindia/ch...y-industry
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