1.04

Trillion yuan

The China Railway Corporation, which will take over the commercial functions of the former Ministry of Railways, went into business on Sunday. With registered capital of 1.04 trillion yuan ($165.73 billion), the corporation will take over all of the ministry's related assets, liabilities and personnel, as well as shoulder the responsibility of running trains, according to a statement posted on the government website.

(China Daily 03/18/2013 page2)