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Premier stresses social funds in railway construction

Updated: Aug 24,2014 9:15 PM     Xinhua

BEIJING - Premier Li Keqiang has encouraged the China Railway Corporation (CRC) to further emancipate the mind and seek more social capital, the central government’s website reported on Aug 24.

“Railway construction invested solely by the government and promoted by administrative orders will not work any more,” said the premier during an inspection tour to the CRC on Friday.

Li said innovations in investment and financing are key to reform in the railway sector. He asked the CRC to explore ways of better soliciting non-governmental funds and gather experience for other state-owned enterprises.