BEIJING — Japan stands out as the largest investor in China's automobile industry in 1998, reports here say, despite the financial crisis in the Asia/Pacific region. Statistics show that approximately 28 automobile joint ventures were established last year, with a total investment of more than US$1 billion. Japan invested US$199 million, US$2 million more than the U.S. Car manufacturing joint ventures were the main element of cooperation between China and Japan, the report says, ...

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