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Datang to invest US$2b in Shanghai
China Datang Corp, a state-owned power producer, agreed to invest 12 billion yuan (US$1.96 billion) in Shanghai by 2020 in projects ranging from renewable energy to financial business.
The company will invest in power generation, clean energy, project design, imports and exports, and material supplies in Shanghai from now to the end of the decade. The investment is expected to help improve the city’s power generation efficiency and its mix of power generation sources.
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