GENERAL MOTORS TO EXPAND INVESTMENT IN CHINA
AsiaInfo Services, May, 1996
AsiaInfo Services 05-10-1996 General Motors to Expand Investment in China BEIJING, May 10, AsiaInfo Services, Inc -- GM's total investment in China will add up to US$ 2 billion by the year 2000 if current negotiations on expansion pan out and existing joint ventures operate well. We hope that we can get the formal registration of the Shanghai joint venture as soon as possible said Luis R.
hughes, GM's executive vice-president at yesterday's news briefing in Beijing, referring to a US$ 1 billion project to assemble new Buick cars. He called it GM's largest and most strategic investment overseas. GM will continue to talk with Chinese authorities about the merit of the project. We will open the production process of the new joint venture to our Chinese...
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