Now that China is richer, southerners want to stay warm, too, says Liu Xinfang, a spokesman for State grid Corp., the biggest electricity grid operator in China.

中国最大电网运营商国家电网公司的发言人刘心放说，既然中国的富裕程度提高了，南方人也想暖暖和和过冬。

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The current 10-year railway ministry bonds are yielding 5.2%, compared with 5.04% for the same type of debt issued by the State Grid Corp. of China, the world's largest utility by revenue.

WSJ: China's Railway Ministry Gets Approval for Bonds