China moves to fix trains

China has unveiled a plan to dismantle its rail ministry as the nation's new leaders pare bureaucracy and battle graft in a department that has more than 2 million employees and a debt load larger than Denmark's economy. The Ministry of Railways will be split into two, according to a report signed by Premier Wen Jiabao, delivered to the National People's Congress in Beijing.

By InvestSMART ·
11 Mar 2013

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China has unveiled a plan to dismantle its rail ministry as the nation's new leaders pare bureaucracy and battle graft in a department that has more than 2 million employees and a debt load larger than Denmark's economy. The Ministry of Railways will be split into two, according to a report signed by Premier Wen Jiabao, delivered to the National People's Congress in Beijing.

China moves to fix trains

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