China to sell electricity generation assets for the first time
Shanghai: China plans to sell off electricity generation assets worth more than 10 billion yuan ($1.25 billion) for the first time to private and foreign firms in an effort to reform the power sector. The assets have an aggregated generating capacity of 9.2 million kilowatts in 38 electric power plants, and covers seven listed companies and three joint ventures.

The State Grid Corporation and China Southern Power Grid, control the assets according to Beijing Times.

In 2002, the assets were commissioned by the Chinese government to manage and sell the assets to finance the ongoing reform of the power industry. The sale is likely to be completed by next spring at least.
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China to extend Tibet railway to Xigaze
Shanghai: China is extending its newly-built railway to Tibet by 270 km from Lhasa to the region's second largest city of Xigaze, close to the Indian border, next year. The project will take three years to complete. Officials said the railway will offer great opportunities for the social and economic development of Xigaze.
The city of Xigaze, located at an altitude of about 3,800 metres, is the traditional seat of the Panchen Lama, and the prefecture is also an important production base for agriculture and animal husbandry in Tibet.

The Xigaze prefecture borders India, Nepal and Bhutan in the south.

The Qinghai-Tibet Railway stretches 1,956 kilometres from Xining, capital of northwest China's Qinghai Province, to Lhasa.
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