 China's Railway | China government plans to introduce private capital into railway construction and operations, which will help break the monopoly in the industry. It’s been difficult for private capital to enter the railway system because the existing Ministry of Railways functions as both a government department and an enterprise. China plans to dismantle the Ministry of Railways into administrative and commercial arms to reduce bureaucracy and improve railway service efficiency. The introduction of private capital will induce competition and bring a more diversified investment and operation structure that will revitalize the railway industry. Related Article |
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