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Proton to build joint venture in China
Published:  May 13, 2003 7:20 AM
Updated: Jan 29, 2008 10:21 AM

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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