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Shanghai auto group on move in developing new energy cars PDF Print E-mail

    BEIJING, Nov. 3 (Xinhua) -- Shanghai Automotive Industry Corporation (SAIC) Group plans to invest 6 billion yuan (879 million U.S. dollars) in researching of and making new energy cars starting this year and during the next two years, said group chairman Hu Maoyuan Tuesday.

    The investment includes 2 billion yuan to support the research and development of new energy cars, 2 billion yuan for producing parts for new energy cars and 2 billion yuan for the building of car-making factories, Hu told an industry forum in Beijing.

China's economic policies, RMB exchange rate to remain stable: commerce minister PDF Print E-mail
    GUANGZHOU, Nov. 1 (Xinhua) -- China is to maintain basic stability and continuity in the economic policies and RMB exchange rate to ensure a foreseeable prospect for its businesses.

    Minister of Commerce Chen Deming made the remarks Sunday at the Canton Fair, an important barometer of China's foreign trade, in Guangzhou City, capital of southern Guangdong Province.
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