China State Railway Group Company, Ltd., doing business as China Railway (CR), is the national passenger and freight railroad corporation of the People's Republic of China. China Railway operates passenger and freight transport throughout China with 18 regional subsidiaries. By September 2022, the total assets of China Railway Group are CNY 9.06 trillion (USD 1.24 trillion). History Under the Chinese Corporate Law, China Railway Corporation was reorganized into China State Railway Group Co., Ltd. on June 18, 2019, instead of Industrial Enterprises Owned by the Whole People. This meant the Ministry of Finance would act as an investor on behalf of the state and the company would be led by a board and managed by board-chosen executives. Logo The China Railway logo was designed by Chen Yuchang () (1912–1969), officially adopted on 22 January 1950. The whole logo represents the front of a locomotive. The upper part of the logo represents the Chinese character 人 (people), while the lower part represents the transversal surface of a rail. The logo means that China's railway belongs to the people. The lower part represents the character 工 (labour), means that China's railway belongs to the working class. The "CR" logo is used on the Fuxing (train) along with the China Railway logo. Companies There are 21 primary subsidiary companies under China Railway. As of 2008, approximately two million people work in China Railway. Second tier subsidiaries International operations International trains China Railway operates passenger trains from China to Mongolia, Russia, Kazakhstan, North Korea, and Vietnam. Also operates freight (cargo) trains to these countries plus Laos. Currently all international passenger trains are suspended due to the COVID-19 pandemic in Asia. Before COVID break outs, there were 11 international passenger train services: 95/8, Dandong–Pyongyang 401/2, Suifenhe–Grodekovo K3/4, Beijing–Ulaanbaatar–Moscow K19/20, Beijing–(Manzhouli)–Moscow K23/4, Beijing–Ulaanbaatar K27/8, Beijing–Pyongyang K4651/2/3/4, Hohhot–Ulaanbaatar K9795/6, Ürümqi–Almaty K9797/8, Ürümqi–Nur-Sultan Z5/6–T8701/2, Beijing West–Nanning (transfer station)–Gia Lâm (Hanoi) Services to Europe (New Silk Route) China Railway ran goods services to 15 European cities, including routes to Madrid and Hamburg and the experimental East Wind service to London to test demand. The Chinese government refers to the two-week route, starting at Yiwu and with trains to London traversing Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France, as the Belt and Road Initiative. Containers must be transferred several times, as different, incompatible, rail gauges are used in different regions, and the same rolling stock cannot be used throughout.