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Shanghai Aerospace Shares Rise to 7-Week High on Solar Projects

Shanghai Aerospace Automobile Electromechanical Co. shares rose 3.5 percent to 11.10 yuan as of 10:40 a.m. in Shanghai, set for the highest close since Aug. 4.

The company will jointly develop solar power stations and manufacture solar equipments with the municipal government of Zhangye in Gansu province in the next three and five years, Shanghai Aerospace said in a statement yesterday.

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