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GE and Chongqing Machinery's joint venture, Chongqing Xitong Electric, will build a 23,000 sqm high and low voltage electrical equipment manufacturing base in Chongqing's Liangjiang New Area. Investment is 125 million yuan, with production starting by end of 2014 and annual output value of 500 million yuan.
“GE工业系统亚太区首席执行官黄克强表示,此次在渝投资,GE将在轨道交通、电网、风电、高速公路等方面寻找客户。”news.pack.cn
Summarized from public sources; check the original articles before acting on it.