China Railway bags 5 orders

China Railway Group has won five railway and light rail orders with a combined value of 10.1 billion yuan, bringing the total amount of contracts awarded to the State-owned rail builder to 200 billion yuan in the past few months.

Analysts said the contracts won so far represent only part of the railway building frenzy embodied in the country's 4-trillion-yuan economic stimulus package announced late last year after the outbreak of the global financial crisis.

The government hopes the package, including massive expenditure on railway construction, will boost domestic demand to help maintain credible economic growth in the face of shrinking exports.