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GM says China spending to stay about $1 billion a year

From Reuters| February 08 , 2007 13:05 BJT

General Motors said today it would maintain annual investment in China of around $1 billion, helping the company's joint ventures in China to outpace the industry.

"Our investment tends to be around $1 billion a year," GM China president Kevin Wale told Reuters on the sidelines of a forum."That is spread over a whole range of activities including product development."

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