CRC issues more bonds

The China Railway Corporation (CRC), a spinoff from the now defunct Ministry of Railways, issued Monday a fifth batch of bonds worth a total of 20 billion yuan ($3.26 billion) in order to fund the construction of more railways.

So far, the CRC has issued bonds with a total value of 100 billion yuan. Analysts said the CRC still has more demand for financing in response to the central government's calls to speed up infrastructure construction.