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ProLogis spending in China continues

ProLogis spending in China continues

ProLogis said it will spend $30 million on a logistics park in the city of Shenyang in Northeast China, the China Economic Review reported Thursday.

   It's part of a massive investment that ProLogis, a global developer of warehouse and distribution centers, has made and will continue to make in China. The report said that through June, ProLogis has invested $500 million this year and expects to spend a similar amount next year in expanding its reach in China.