Volkswagen Group and SAIC Motor extend joint venture contract to 2040

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SAIC Volkswagen is China’s first joint venture for passenger cars. PHOTO: SAIC

VOLKSWAGEN Group and SAIC Motor announced on Wednesday that they have signed an extension for their joint venture contract in Shanghai until 2040, further strengthening their long-term partnership.

SAIC Volkswagen is China’s first joint venture for passenger cars. This marks the second time that both parties have renewed the contract, extending the period of their joint venture to 55 years.

Mount Mongshu’s cloud sea sees surge in visitors, expected to increase in Dec

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This image captures the cloud sea on Mount Mongshu

THE number of vacationers who come to visit Mount Mongshu in Mongshu to enjoy the view of the cloud sea has visibly increased this year compared to last year and it is expected to be larger in December when the scene of the cloud sea is the most beautiful, said the developer of the destination.

State Administration Council Chairman Prime Minister Senior General Min Aung Hlaing addresses the Financial Commission meeting in Nay Pyi Taw

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State Administration Council Chairman Prime Minister Senior General Min Aung Hlaing addresses the Financial Commission meeting in Nay Pyi Taw

Production development can boost State GDP

The Senior General pledged to arrange investments and fulfilment of other needs to operate agriculture and livestock-based businesses.

Chairman of the Financial Commission Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing said so at the Financial Commission meeting at the SAC Chairman’s Office in Nay Pyi Taw yesterday morning.