Central govt injects 50 billion yuan into China National Railway Group

According to a report of the Chinese government, Chinese central government injected 50 billion yuan into China State Railway Group.

According to a report of the Chinese government, Chinese central government injected 50 billion yuan into China State Railway Group.

Its full name is “Report on the Implementation of the Central and Local Budgets in 2019 and the Draft Central and Local Budgets in 2020.”《关于2019年中央和地方预算执行情况与2020年中央和地方预算草案的报告》

It is used to support the issuance of 50 billion yuan of railway construction bonds as capital, and to increase the construction of coastal high-speed rail, intercity railway and riverside high-speed rail projects.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/24/central-govt-injects-50-billion-yuan-into-china-national-railway-group/.

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