BEIJING, May 14 (Xinhua) -- Shenzhen Vision Group announced to move its Shenzhen base’ s lead-acid battery business to its Hubei and Vietnam subsidiaries due to the adjustment of Shenzhen Dapeng New District's development strategy and the company's product line arrangement.
This would generate high staffing and disposal expenses in short term but is expected to cut labor expenses in the long run, it said, noting that the relocating to Vietnam could also save 4 percent of consumption tax. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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