Proton to build joint venture in China

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SHANGHAI - National carmaker Proton has received the green light from Chinese authorities to establish a joint venture in the world's fastest growing auto market, state press reported today.

Proton and Guangdong Goldenstar Heavy Industries, a privately-owned Chinese car company, will each own 50 percent of the planned 500-million-dollar joint venture located in southern Guangdong province, the Business Weekly said.

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