However, any such deal would require Chinese Commerce Ministry approval at the provincial level at least.
Reports in the Shanghai Securities News and other state-run newspapers Friday said Sichuan Tengzhong had not yet obtained such an approval. They also raised questions over whether the deal will be allowed to go through, with one report likening Tengzhong's plan to acquire Hummer to a "snake trying to swallow an elephant."
Tyler Cowen: Why we will learn to love AI
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The American economist who once said the age of rapid innovation was over
has a striking prognosis about AI
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