Investment Updates News
- GM to invest $1b in China annually
Date: 29-Nov-2006 Sources: (Shenzhen Daily)
GENERAL Motors Corp., the world's largest carmaker, plans to invest more than 8 billion yuan (US$1.02 billion) annually in China, the company's most profitable overseas market.
The company will spend more on research and development and production in China, Kevin Wale, chairman of GM's China unit, told reporters in Shanghai yesterday.
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