An additional 50 billion yuan ($7.33 billion) will be spent on railway projects and 10 billion yuan ($1.46 billion) on transport infrastructure in the fourth quarter of this year.
The additional amount will take this year’s railway expenditure to 350 billion yuan ($51.3 billion), a Ministry of Railways press release said on Tuesday.
Tags: Railway
China’s retail sales rose 22 percent, close to the fastest pace in nine years, signaling that domestic demand may help the fourth-biggest economy withstand a looming global recession.
Sales climbed to 1.008 trillion yuan ($148 billion) in October, the statistics bureau said today, after gaining 23.2 percent in September from a year earlier. The increase matched [...]
China’s railway and road ministries have promised to invest quickly and aggressively to help execute the government’s 4 trillion yuan ($586 billion) economic stimulus package.
The Ministry of Railways plans to invest 600 billion yuan in 2009, up from 350 billion yuan this year, a figure that has been increased from the original target of 300 [...]
China Railway Group Ltd., builder of half of the nation’s railroads, and Angang Steel Co. led gains in Shanghai and Hong Kong trading after the government said it will spend 4 trillion yuan ($586 billion) to bolster the economy.
China Railway rose 9.8 percent to 5.17 yuan in Shanghai as of 10:20 a.m. Angang Steel, the [...]
China Railway Group Ltd<601390><390>, the country’s leading railway and highways builder, announced that its units have won eight contracts worth RMB 14.96 billion in total, accounting for 8.29% of its total income from major business in 2007 under Chinese accounting standards, according to its statement filed with the Shanghai Stock Exchange.
Of all the deals, China [...]
The Chinese Commodities Distribution Center in Europe has completed construction and held a ceremony to mark the occasion here Tuesday.
Zhang Wei, vice president of China Council for the Promotion of International Trade (CCPIT), and the Hague’s Vice Mayor Henk Kool attended the ceremony.
Tags: Exhibitions, Railway
