Caixin
Mar 11, 2013 02:44 PM

Market Wheels in Motion for Railway Reform

 
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All personnel decisions affecting a workforce of more than 2 million were frozen in their tracks last month at a powerful government agency that's also a remnant of China's centrally planned economy, the Ministry of Railways.

By ordering a halt to all employee hiring, transfers and dismissals, MOR's brass signaled that a major internal overhaul was fast approaching.

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