Rail com­pany li­a­bil­i­ties hit $620b by Sept-end

China Daily (Canada) - - BUSINESS -

By the end of Septem­ber this year, China Rail­way Corp’s li­a­bil­i­ties reached 3.94 tril­lion yuan ($620 bil­lion). Con­sid­er­ing that debt is the main source of fund­ing for high­speed con­struc­tion in­vest­ment while freight has been shrink­ing, to­tal in­vest­ment for the fourth quar­ter will in­crease. So, the high debt ra­tio of 66.02 per­cent can­not fall un­less theM­i­nistry of Fi­nance funds it.

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