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China

Chongqing Chang’an obtains CNY 557 million subsidy from local government

On February 12 Chongqing Chang’an Automobile Co., Ltd. (Chongqing Chang’an) announced that it has obtained a subsidy of CNY 557 million from the Chongqing government. The subsidy includes CNY 525 million for research and CNY 32 million for operation.
From a Chongqing Chang’an Stock Exchange press release
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