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The railway system expects to transport about 32 million passengers, or 8.5 percent more than last year, during the May Day holiday, which will be celebrated from April 28 to May 1.

Dai did not reveal the exact capital deficit figure, but his warning came as the country's regulators are considering allowing the fund to invest in the equity market for higher yields.

China once held up to 7.6 billion worth of debts issued by Fannie Mae and Freddie Mac, Beijing Times reported in March 2009, citing Chinese Vice Premier Wang Qishan. The U.S. Treasury agreed to invest up to 200 billion U.S. dollars in the agencies to keep them afloat after the 2008 financial debacle.

The trade settlement in yuan last year increased 3.1 times from a year earlier. The settlement in yuan for goods trade accounted for 6.6 percent of the total cargo imports and exports. The portion rose 4.4 percentage points from 2010, the PBOC said in the Wednesday statement.

Chinese manufacturers of items of large technical equipment have been exempted from customs duties and import value-added tax for the necessary import of crucial equipment parts and raw materials since July 1, 2009, according to the MOF.