Wang Yongping, spokesman of the Ministry of Railways, said in an interview with CCTV today that the scale of railway construction investment during the "Twelfth Five-Year Plan" period will greatly exceed the "Eleventh Five-Year Plan". It is suspected that the high-speed rail projects under construction will not be suspended. Wang Yongping said that the current railway construction plan is active and stable, which not only reflects the continuity of railway construction, but also the reasonable construction organization and capital requirements for the projects under construction, ensuring the overall stability and order of the railway construction, and also adapting to the level of economic and social development in China. On specific projects, we will adhere to the principle of ensuring that we are building, on, and supporting. It is suspected that the high-speed rail project under construction will not stop working. The latest financial and operational data report of the Ministry of Railways released by the Ministry of Railways Finance Department showed that the Ministry of Railways had a loss of 3.76 billion yuan in the first quarter of 2011. As of the end of March, its total assets and total liabilities were 3.41 trillion and 1.98 trillion yuan respectively. At the same time, from the rough calculation of the published data, the Ministry of Railways' asset-liability ratio rose to 58.2%. During the "two sessions" of the country this year, Minister of Railways Sheng Guangzu publicly stated that the current asset-liability ratio of railway enterprises is around 56%, which is not too high among industrial enterprises. The railway enterprise debt of 1.8 trillion yuan is at Within the controllable range.
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