About half of the bribes taken by a former top railways executive came from other state-owned railway companies, prosecutors have said, painting a damning portrait of rampant corruption in the...
- Thu
- May 23, 2013
- Updated: 1:05pm
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Analysts said likely targets for absorption into expanded "superministries" include the massive Railways Ministry, which was spared consolidation into the Transport Ministry five years ago in the...
The central government is working to reform the nation's rail industry and encourage more private investment in the sector, but analysts warn it's going to be a long and arduous task.
Noted film director Zhang Yimou was paid 2.5 million yuan (HK$3.06 million) for his involvement in an 18.5 million yuan promotional video for the Railways Ministry that has further cast the office...
China's Ministry of Railways has been stripped of its powers to hear transport cases in its own courts.
In a move welcomed by critics of the ministry's power, the jurisdiction of...
Spending by the mainland on railway construction was 76 per cent lower in January than a year earlier as funding shortages for the sector persisted. Just 8.73 billion yuan (HK$10.74 billion) was...
Despite having been thrown a 300 billion yuan (HK$366 billion) lifeline, the mainland's cash-strapped rail sector is having to issue bonds to repay debts, and the slump in rail spending...
The central government will open bidding for multibillion-yuan railway projects through third-party platforms to make the process more competitive and reduce corruption.
The mainland's Ministry of Railways will be heavily indebted next year despite a cash injection of 200 billion yuan (HK$245 billion), with little choice but to slash spending, an analyst...
The Railways Ministry has ruled out privatising the heavily indebted state-owned industry amid growing concern about its financial health.
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