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Renault hopes to have approval for Chinese plant by summer: CEO

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PARIS (Reuters) – Renault-Nissan hopes to receive final approval from Beijing by the summer to build its first Renault plant in China, Chief Executive Carlos Ghosn said on Saturday. Ghosn had said last month he expected final government approval for the plant by the end of the year. "Renault already has a plan for China, which is ready, and currently being negotiated with the Chinese government, and I hope we will have all agreements before the summer," Ghosn told French radio Europe 1. . . .

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