UPDATE 1-GM to set up $250 mln research centre in China

Newswire

(Adds details, background) BEIJING, Oct 29 (Reuters) - General Motors Corp , one of the world's top two automakers, will set up a $250 million scientific research centre in Shanghai, Chief Executive Rick Wagoner said on Monday. It joins a long list of multinational companies that are conducting research in China to tap the country's growing scientific expertise, develop products for the huge local market and gain credit in the eyes of a government determined to climb the technology ...

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