China's leadership told officials to be more transparent in the wake of public outcry over the government's handling of last month's train crash, as the disaster showed further signs of taking its toll on the finances of the state-run railways industry.

　　中國領(lǐng)導(dǎo)層發(fā)文要求各級政府提高政務(wù)透明度。此前政府對上個月動車追尾事故的處理引發(fā)了公眾抗議，并進一步呈現(xiàn)影響國營鐵路行業(yè)財務(wù)狀況的跡象。

　　The statement, published Wednesday on the front page of the official Communist Party newspaper People's Daily, didn't specifically mention the July 23 collision of two high-speed trains, which killed at least 40 people. But it seemed clearly aimed at trying to address complaints that the response has been opaque and arrogant.

　　發(fā)布于中國共產(chǎn)黨官方報紙《人民日報》頭版的這份公告并未特別提到7•23動車追尾事故，但似乎明顯旨在試圖應(yīng)對人們對處理事故的不透明及態(tài)度傲慢的不滿。事故造成至少40人遇難。

　　Officials must “grasp the need to be open about major events of interest to the public, and objectively publicize developments and what the government's doing…and quickly respond to society's concerns,” said the statement.

　　公告說，各級行政機關(guān)要抓好重大突發(fā)事件和群眾關(guān)注熱點問題的公開，客觀公布事件進展和政府舉措……及時回應(yīng)社會關(guān)切。

　　The crash has given rise to a groundswell of popular resentment against the government, and in particular the Railways Ministry, for perceived arrogance and mismanagement. It has also drawn attention to the economics behind one of China's showcase investment projects, which has amassed hundreds of billions of dollars worth of public debt and may require a government bailout.

　　此次事故使得公眾對政府的憤怒情緒高漲，特別是鐵道部顯而易見的傲慢態(tài)度和處置不當(dāng)。同時也引起了人們對作為中國示范性投資項目之一的高速鐵路背后的財務(wù)情況的關(guān)注，鐵道部累計公共債務(wù)達數(shù)千億美元，可能需要政府救助。

　　On Wednesday, government-owned CSR Corp., which made the trains involved in the accident, said it had delayed a key step in its plan to raise 11 billion yuan ($1.7 billion) of fresh capital. In a statement, CSR, which lists shares in Hong Kong and Shanghai, said it will postpone a shareholder vote on the planned private placement until Sept. 29. It was previously planned for Friday. It will use the extra time to talk with shareholders to “to enable them and the company's potential investors to have a good understanding of the prospects of the company and the industry,” the statement said.

　　周三，政府管理的中國南車股份有限公司說，公司已推遲籌集110億元新資金計劃的關(guān)鍵步驟。中國南車是兩列失事動車的制造商，同時在香港和上海上市。公司在一份公告中說，會將審議增發(fā)計劃的股東投票會議延期至9月29日。會議原定于周五召開。公告說，公司擬在股東大會召開之前與投資者進行充分溝通，以使投資者對公司及行業(yè)發(fā)展前景做出準(zhǔn)確判斷。

　　In June, CSR said it would sell the additional shares to its corporate parent and China's national pension fund, and use the proceeds to boost its production capacity to meet rapidly growing demand. While the company hasn't been accused of wrongdoing in the crash, its Hong Kong shares have tumbled about 26% since July 23.

　　6月，中國南車說將會向其母公司和中國國家養(yǎng)老基金增發(fā)股票，利用所得收益來增強生產(chǎn)能力，以滿足快速增長的需求。雖然公司并未被指在事故中有不當(dāng)行為，但其香港股價自7月23以來下跌了約26%。

　　Analysts say they now expect CSR and other Chinese railway equipment builders to be less aggressive in bidding for new contracts. And they say broader debt issues in the railway system are likely to slow the high-speed network's further expansion and perhaps result in an overhaul of the Railways Ministry.

　　分析師說目前他們預(yù)計中國南車及其他中國鐵路設(shè)備制造商競標(biāo)新合約的積極性會降低。他們說鐵道系統(tǒng)更大的債務(wù)問題可能會導(dǎo)致高速鐵路網(wǎng)絡(luò)的進一步擴張放緩，并且可能會促使鐵道部的改革。

　　According to a report by the Shanghai Clearing House, the Ministry of Railway's total outstanding debt rose to 2.09 trillion yuan ($324.3 billion) at the end of June, from 1.98 trillion yuan at the end of the first quarter.

　　根據(jù)上海清算所的一份報告，鐵道部截至6月底的未償還債務(wù)總額從第一季度末的人民幣1.98萬億元增至2.09萬億元。

　　Although the Railways Ministry is backed by the Chinese government, there's been little demand recently for its bonds on the secondary market, where yields on its debt have risen since the crash.

　　雖然鐵道部有政府支持，但近期二級市場對其債權(quán)的需求微乎其微，事故發(fā)生后鐵道部債券的收益率一直在漲。

　　Still, local media moved to ease concerns that the ministry may face higher financing costs in the future. Financial News, a newspaper backed by the People's Bank of China, reported Tuesday that the country's big five commercial banks would continue to cooperate with the Railways Ministry and that the rate of interest they charge wouldn't be affected by the crash.

　　不過有些中國媒體卻開始緩解鐵道部今后可能面臨更大融資成本的擔(dān)憂。中國人民銀行主管的《金融時報》周二報道說，工、農(nóng)、中、建、交五大商業(yè)銀行會繼續(xù)與鐵道部合作，利率浮動依據(jù)市場而非事故。

　　However, some banks may already be nearing the limits of how much they can lend to rail-sector firms, if not the ministry. In a statement last week, the China Banking Regulatory Commission said that banks need to 'conscientiously deal with the problem of railway network loans' and 'hold firm to the red line,' referring to limits the regulator imposes on lending to any one company or conglomerate.

　　然而，撇開鐵道部不說，一些銀行能夠向鐵路相關(guān)企業(yè)發(fā)放的貸款或許已經(jīng)在接近上限。中國銀監(jiān)會上周發(fā)表聲明說，銀行業(yè)金融機構(gòu)要認真處理好鐵路系統(tǒng)貸款問題，要堅守“紅線”，即銀監(jiān)會規(guī)定的銀行向企業(yè)或集團發(fā)放貸款的限額。