Top 9 Chinese tycoons invited to gov't headquarters

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Fang Hongbo. [File photo]


Fang Hongbo

Position: Chairman of Midea Group

Meeting Date: April 12, 2013

Midea Group recorded 102.7 billion yuan in sales in 2012, and has projected 15 percent sales growth in the next three to five years. The net profit growth rate is expected to be higher than 15 percent. Fang Hongbo said the company will continue to increase gross profit margins.

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