Volvo may build plant in Chengdu

Volvo Group executives said a new Volvo plant will very probably be established in the southwest city of Chengdu.
"The new plant will be set up after Chinese authorities approve our application and the Volvo board of directors OKs the move in December," said Shen Hui, Volvo senior vice-president responsible for operations in China.
During a working meeting from October 17 to 18 in Beijing, Chinese President Hu Jintao stressed the importance of developing the country to the west, saying it is a major task for the country to build a moderately prosperous society and it is in the interests of people from all ethnic groups in the region.
SteelGuru reported Hu as saying the government would make strong efforts to raise peoples’ livelihoods in the western regions in the next decade. China would do this, he said, by creating more jobs and improving education, medical services and social security networks.