Latest News:  

English>>China Politics

Premier Li points way for railways reform

By WEI TIAN (China Daily)

08:13, July 25, 2013

Premier outlines new methods, quicker construction in key areas

Premier Li Keqiang called on Wednesday for reform of funding methods for railways and for accelerated rail construction in central and western regions.

Experts said the measures are part of efforts to stabilize economic growth, which slowed to 7.5 percent in the second quarter, and will help China's industrial sector amid the economic slowdown.

The railway construction market will be "fully opened" through reform, and the building of rail facilities in less-developed areas will be emphasized, Li said at an executive meeting of the State Council, China's cabinet.

"This will usher in balanced development among different regions, as well as steady advancement of urbanization," he said.

The premier called for multiple fundraising sources for railway construction, including a greater role for private capital and the establishment of a railway development fund.

Intercity railways' ownership and management rights will be open to private and local investors, Li said, while calling for rail projects under construction to be completed on schedule.

The reform move follows the establishment of the China Railway Corp in March, after a separation of the now-defunct ministry of railways' government and enterprise functions.

【1】 【2】

We Recommend:

A forward thrust in Sino-US relations

New media tells'Chinese foreign affairs story'

Xi, Obama meet for first summit

No tolerance for rogue behavior on dispute

Poverty elimination remains important task

China is victim of hacking attacks

Email|Print|Comments(Editor:ZhangQian、Yao Chun)

Leave your comment0 comments

  1. Name


Selections for you

  1. Special operation members in contest

  2. Members of PLA special forces

  3. New prince makes first appearance

  4. Bird's Nest adds new attraction

  5. 196 villagers' death-defying getaway

  6. Blast rips through bakery in Beijing

  7. 29 gorgeous castles from around the world

  8. Press of 'Crimes of Passion'

  9. China builds 'world's tallest building'

  10. Huawei H1 sales revenue up 10.8 pct

Most Popular


  1. Filmmaker: Chinese like good movies set anywhere
  2. Multinationals' dependence on China grows
  3. Skipping breakfast may increase heart disease risk
  4. Economic restructuring helps China's growth
  5. New thinking needed for Korean crisis
  6. Jobless rate to be 'last straw' for policy direction
  7. Abe should focus more on Japan's economy
  8. Are 'dark fairy tales' appropriate for children?
  9. Xi Murong: Poets and poetry never die
  10. Chinese brands should ‘be bold’

What’s happening in China

People hold funeral for deceased relatives in quake-hit region

  1. Court upholds death sentence for baby killer
  2. HPV vaccines among Chinese still a long way off
  3. Shanghai getting tougher on blood clam ban
  4. Woman marries driver who injured her in crash
  5. Parents squirm after spotting worms in diapers