BEIJING, May 9 (GCTL) - China's Ministry of Railways has been stripped of its powers to hear transport cases in its own China Court of Railway Transportation, and such cases have been transferred to local governments.
"It is a step to show the market that the Railways Ministry is starting to reform," said Guotai Junan analyst Gary Wong, as critics welcomed the move to clip the railway ministry's powers.
Echoing these sentiments, Richard di Bona, who runs a transport consultancy in Hong Kong, said reform of the once all-powerful ministry would now be easier. "With the change of leadership in China there may now be a root-and-branch overhaul of many parts of the Chinese government, including the Railways Ministry," he said.
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