CHINA

Foreign-Owned Plant Wins Speedy Approval: The Chinese government took only 15 working days to approve a plan by U.S. electronics company Motorola Inc. to invest $720 million in a plant to build semiconductors in China, company officials said at a press conference in Beijing. “This speedy approval is not only an indication of the importance China attaches to the project, but it also illustrates the efficiency of the Chinese government,” said Richard Younts, Motorola’s executive vice president. The new plant, to be located in the eastern port city of Tianjin, was originally going to involve an investment of $360 million.