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Europe's biggest carmaker, Volkswagen plans to more than triple its sales in south China by 2018 as a main driver for its strategy to double sales to 2 million units in the the country by that time, its China chief said on Sunday.
Industrial Bank, a mid-sized Chinese lender, said on Monday it would raise up to 18 billion yuan ($2.64 billion) in a rights issue to boost its capital adequacy ratio.
