BEIJING — Volvo Truck Corp. is hedging its bets in China. After announcing a large-scale joint venture with China's largest heavy truckmaker, Volvo, discouraged by China's slumping economy, now says it plans to delay the bulk of its investment. Instead, Volvo is dividing the process into many steps, says Ulf Norman, chief of greater China operations for Volvo Truck, in a published report. The new, more cautious strategy provides the company with greater flexibility as the truck market ...

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