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P&G to invest $1b over five years

  • Source: Global Times
  • [01:09 August 19 2010]
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Procter & Gamble will further inject massive amounts of capital in China, a vast market that has seen tremendous growth, its chief executive said Wednesday.

"We've been invested more than $1.5 billion in China, and over the next five years, we're going to invest another at least $1 billion in China," Robert A. McDonald, global chairman and CEO of P&G, said at the opening ceremony of the company's Beijing Innovation Center.

Global Times — Reuters