Gold Drops to $1,200/oz for First Time Since June in New York
China Railway Wins $1.7 Billion Rail Construction Contracts
China Railway Group Ltd., Asia's biggest construction company, said two of its subsidiaries won contracts worth 11.5 billion yuan ($1.7 billion) to build segments of the Shijiazhuang-Wuhan railway project.
The contracts, awarded to three of China Railway's subsidiaries, are valued at about 6.4 percent of its revenue in 2007 under Chinese accounting standards, the company said in a statement to the Shanghai Stock Exchange today.
To contact the reporter on this story: Zhang Shidong in Shanghai at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org