BEIJING — Farm-equipment maker Beiqi Futian Co. Ltd. expands its presence in the auto sector via a new partnership with nine other State-owned enterprises to build automobile engines. Beiqi Futian will provide capital, technology and sales assistance to the venture, called Beijing Futian Engine Co. Other partners, which include Beijing International-combustion Engine Group and Beijing Tractor Manufacture Plant — both said to be near bankruptcy due to lack of demand for their products, will ...
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