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Nokia to continue China investment

Mobile phone maker Nokia said Monday that it plans to continue its strong investment in China. The company already has invested a total of $2 billion in China. The country accounted for $2.72 billion, or about 10 percent, of Nokia's 2001 sales of $27.2 billion. Last year Nokia opened a manufacturing facility in Beijing and a research facility in Hangzhou, which focuses on 3G technology. The company has also established more than 20 offices and taken part in eight joint ventures in China.

Mobile phone maker Nokia said Monday that it plans to continue its strong investment in China. The company already has invested a total of $2 billion in China. The country accounted for $2.72 billion, or about 10 percent, of Nokia's 2001 sales of $27.2 billion.

Last year Nokia opened a manufacturing facility in Beijing and a research facility in Hangzhou, which focuses on 3G technology. The company has also established more than 20 offices and taken part in eight joint ventures in China.