China's railway sector uses more foreign capital

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 ◆ China's railway sector uses more foreign capital

China's railway sector has so far set up more than 200 joint ventures with foreign investors and used 200 million US dollars of foreign capital, Minister of Railways Fu Zhihuan said recently.

Fu said at a press conference that since 1998, the railway sector has signed agreements on 1.23 billion dollars of foreign loans.

While foreign capital has been used to introduce state-of-the-art equipment and new technology, management expertise has also be introduced, playing a significant role in advancing railway technology and raising management levels of the sector, he said.