China: Chery secures Yuan 43bn credit line from CDB

Chinese vehicle manufacturer Chery Automobile has secured a Yuan 43bn (US$6.58bn) line of credit from China Development Bank (CDB), the country's national news agency Xinhua said. These funds will be used during the 12th five-year plan, which ends in 2015. The credit line will be used to support Chery's research and Subscribe to Automotive World … Continued

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• April 13, 2011