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在线翻译:
szdaily -> Markets -> 
China Railway, S.F. form cargo joint venture
    2018-08-30  08:53    Shenzhen Daily

CHINA Railway Corp.’s unit formed a cargo venture with package delivery firm S.F. Holding Co. as part of the government’s efforts to introduce more private capital into the transport sector to improve its competitiveness.

The national railway operator said yesterday its cargo subsidiary, China Railway Express Co., would hold a 55 percent stake in the joint venture, while S.F. Holding would hold the remaining share. S.F. and China Railway won’t own shares in each other.

The Shenzhen-based joint venture company will provide cargo services on high-speed rail trains and will also look at creating an e-commerce freight platform, China Railway Corp. said.

It sold in June a 49 percent stake in a subsidiary that provides Wi-fi on bullet trains to Tencent Holdings Ltd. and Zhejiang Geely Holding Group.

The pact with S.F. is part of China’s efforts to let railways account for a larger share of cargo transportation to combat road traffic pollution, and would help the rail operator meet a goal of increasing cargo shipments by 30 percent by 2020.

China Railway, which operates the country’s 127,000-kilometer network, also plans to sell as much as 10 billion yuan (US$1.5 billion) in properties and a stake in a railway operator in Hainan Province this year. (SD-Agencies)

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