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Ericsson Boosts China Investment to $5 Bln by 2006, Xinhua Says
Posted: 03-Mar-2001 [Source: Bloomberg]

[Ericsson looking to expand its 12 percent Chinese market share.]

by Lim Le Min, Beijing -- "Ericsson AB, the world's third-largest mobile phone maker, plans to more than double its investment in China to $5.1 billion in five years, the official Xinhua news agency said, citing Li Xiangping, vice president of Ericsson (China) Co.

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