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GAC Group plans to build a car factory in Russia
The Chinese state-owned enterprise GAC Group (Guangzhou Automobile Group Co.), which is the sixth largest automaker in China in terms of sales, plans to build a car factory in Russia.
According to the director of the company, Mr. Wu Song, the decision should be made this year. The planned production volume is 50 thousand cars. This opportunity, he said, is associated with the economic situation in Russia. "When there is stability, opportunities disappear," writes The Wall Street Journal.