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China automaker eyes RP assembly plant

Dongfeng Motor Co. Ltd., one of China’s top three giant automakers, is set to distribute cheap cars in the Philippines market and eventually put up an assembly operation here for cars and buses.

This was revealed by Alfonso Uy, president of the Federation of Filipino Chinese Chamber of Commerce and Industry Inc., to reporters at Saturday’s opening of the 10th World Chinese Entrepreneurship Convention on the theme “World Prosperity Through Chinese Entrepreneurship.”

(Source: Manila Bulletin)