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China's RailwayShares Opened toForeign Investment for The First Time

Latcly， krona nas opcnc0 severalrailway projects to foreign illvestors. Some of them are inShandong Province. The Chinese centralgovermnent agreed this February to letm Iorergn cap，raj to several strategic mdustrlcs lrom aviation to petroleum. Thismay be the first group of wholly foreign owned railways since the year 1949.

Now， the Chinese government views fi)reign investment as an importantway of swifiening railway buidling. China plans to build 30，00() kilometers ofrailway before the year 2020. The building scale of Chinese railway ix amongthe world's largest， but because of the lack of transparency in supervision andmanagement， enthusiasm of the international investors may be harmed.

lt is said that， in recent months， other provinces in China have also pro-vidcd some chances for foreign investors， so that fioSreign investors could havesome shares in tire railway construction projects. Among those projects， thereix a railway between the capital city Beijing and the city of Shijiazhuang.