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BEIJING, June 24 (Xinhua) -- China's railways carried nearly 25 million passengers during the three-day Dragon Boat Festival holiday, up 7.5 percent year-on-year, statistics from the Ministry of Railways showed Sunday.

Wihtol said that although downside risks are increasing for China in the short-term, China's sound fiscal position and potential for further monetary expansion "should ensure a soft landing for the economy."

The Penglai 19-3 oilfield is one of the country's largest offshore oilfields, with daily production of about 160,000 barrels.

But it remains uncertain whether all the projects specified in the plan can be accomplished, as the Ministry of Railways, the main investor for China's rail projects, faces a heavy debt-to-asset ratio of as much as 60 percent.

A senior official from the Suzhou Industrial Park shared how authorities had gradually come to realize the significance of labor unions in social management over the years.