China's Railway Earnings UpChina's railway sector earned 53.6 billion yuan in the first half of the year, up 9 percent over the same period last year, according to the Ministry of Railways.Statistics show that the passenger transport service earned 18.6 billion yuan, a rise of 13.1 percent on an annual basis, while the cargo freight sector's income increased to 27.2 billion yuan. The country's four largest trading ports reported an import freight volume of 6.38 million tons, soaring by 1.33 million tons, up 26.3 percent, compared to the 1999 figure. China invested 15.6 billion yuan on railway construction in the first six months of the year, 13.6 billion yuan of which came from the Central Government. Another 1.4 billion yuan was funded by local governments and foreign-funded companies. |
| People's Daily Online --- http://www.peopledaily.com.cn/english/ |