23 May 2019

China Railway Corp. debt hits 3.06 trln yuan, paper says

China Railway Corp. had outstanding debt of 3.06 trillion yuan (US$504.02 billion) as of end-September, while its assets reached 4.84 trillion yuan, the Economic Information Daily reported Monday, citing unidentified industry insiders. For this year, investment in railway fixed-assets has been set at 660 billion yuan, of which 530 billion yuan is for infrastructure construction, the report said. Current projects under construction are worth a combined 1.55 trillion yuan, the sources were quoted as saying.

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