China issues 40 bln yuan railway bonds_财经新闻

China issues 40 bln yuan railway bonds

文章来源：文章作者：发布时间：2006-12-20 00:15 字体： [大中小]　进入论坛

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Dec.19 - China issued 40 billion yuan (about 5 billion U.S. dollars) worth of railway construction bonds in 2006, the largest amount for a particular sector¹, according to the Ministry² of Railways.

China has issued more than 100 billion yuan of corporate³ bonds this year, a record high.

According to the ministry, the 40 billion yuan will be used to purchase trains, construct the Beijing-Tianjin express railway and build 19 railways including the Zhengzhou-Xi'an and Wuhan-Guangzhou passenger railways.

The 5-year, 7-year, 10-year, 20-year and 30-year bonds carry fixed⁴ annual interest rates ranging from 3.65 percent to 4.10 percent.

Yu Bangli, an official with the ministry, said the ministry has issued more than 68 billion yuan worth of railway construction bonds since 1995, and the funds play a crucial role in China's railway construction.

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收听单词发音

1 sector
n.部门，部分；防御地段，防区；扇形
参考例句：
The export sector will aid the economic recovery. 出口产业将促进经济复苏。 The enemy have attacked the British sector.敌人已进攻英国防区。

2 ministry
n.(政府的)部；牧师
参考例句：
They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。 We probed the Air Ministry statements.我们调查了空军部的记录。

3 corporate
adj.共同的，全体的；公司的，企业的
参考例句：
This is our corporate responsibility.这是我们共同的责任。 His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

4 fixed
adj.固定的，不变的，准备好的；(计算机)固定的
参考例句：
Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？ Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。

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