Railway ministry sheds 42 subordinate enterprises

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Last updated at: (Beijing Time) Monday, December 08, 2003

Railway ministry sheds 42 subordinate enterprises

China's Ministry of Railways has recently transferred 42 enterprises directly under its administration to two state-owned enterprises, according to sources with the ministry.

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China's Ministry of Railways has recently transferred 42 enterprises directly under its administration to two state-owned enterprises, according to sources with the ministry.

The 42 enterprises, including two survey and design institutes,were given to the China Railway Engineering Corporation and China Railway Construction Corporation free of charge.

The transfer is done in line with the policy to separate the functions of the government from those of enterprises so that the ministry can better perform its duty, said a ministry official.

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