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June 20 – The Archer Daniels Midland Company (NYSE: ADM) said it will build a factory capable of 30,000 tons of premix feed in Tianjin.
June 17 – Chemical giant Celanese Corp (NYSE: CE) said it plans to start making ethanol in China by 2013.
June 16 – Audi sold 112,000 cars in China in the first five months, up 28% from the same period a year ago. The growth rate was much slower than BMW's 71% and Mercedes-Benz's 70%.
June 16 – Startwood Hotels & Resorts Worldwide Inc (NYSE: HOT) expects China to be its largest growth market in the next three to four years as it adds more properties, said president of CEO Frits van Paasschen.
June 16 – Changan Ford Mazda, Ford's (NYSE: F) Chinese joint venture, began construction on a $500 million engine plant in Chongqing.
June 16 – HSBC Holdings Plc (HKG: 0005) and Citigroup Inc (NYSE: C) have been approved by China's National Association of Financial Market Institutional Investors to underwrite Chinese interbank credit bonds, two people with knowledge of the matter said.
June 15 – Shenzhen Airlines purchased $190 million of CFM56 engines for its Airbus A320 aircraft to be delivered in 2012 and 2013. CFM56 is manufactured by CFM International, a 50:50 joint company of Snecma (Safran Group) and GE (NYSE: GE).
$1 = ¥6.47
Passenger Vehicles Continue to Drive Automotive Leaders
@2011 China Economy @ The China Perspective.
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