Friday, 6 May 2016

China national rail company owes more than Greece: report


POLITICAL ECONOMY
China national rail company owes more than Greece: report Beijing (AFP) May 5, 2016 - China's state-owned rail corporation is more than $600 billion in debt, reports said, almost twice the size of Greece's obligations. The China Railway Corporation (CRC) operates the country's trains, including an already world-beating 19,000-kilometre (11,800-mile) high-speed rail network, with at least another 11,000 kilometres planned. But according to a recently released financial rep ... more

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