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China Unveils Rail Ministry Breakup to Curb Corruption

China will dismantle its rail ministry as the nation’s new leaders pare bureaucracy and battle graft in a department that has more than 2 million employees and a debt load larger than Denmark’s economy.

The Ministry of Railways will be split into two, according to a report to the National People’s Congress yesterday. Some functions will be put into a State Railway Administration under the Ministry of Transportation. A new company, China Railway Corp., will take over commercial operations, according to the plan.