BEIJING-Li Xiangping, vice-president of Ericsson (China), told reporters his company plans to increase its investment in China to $5.1 billion during the next five years, refuting speculation that Ericsson would withdraw from China following the January announcement that it would outsource mobile-phone production.
Exports by Ericsson (China) and its suppliers will increase from $1.49 billion in 2000 to $4.5 billion in 2005. The company sold 3 million handsets in China last year.
