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Zoomlion Shares Jump After Newspaper Apologizes for Reports

Shares of Zoomlion Heavy Industry Science and Technology Co Ltd surged on Monday after a newspaper admitted it had not thoroughly fact-checked disparaging reports on the Chinese state-owned construction equipment maker.   The apology from Guangzhou-based New Express came after its detained reporter, Chen Yongzhou, confessed to accepting payment in exchange for disparaging Zoomlion.   Zoomlion has been the subject of a string of Chinese media reports this year, including those from ...

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