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About:
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On November 3rd of 1951, according to the development of the national economy, with the capital of 450,000,000 yuan(coverted to new currency 45,000 yuan), Hangzhou Municipal People’s Government purchased the Private Hangzhou Large Iron-smelting Works which was then renamed as “Public Hangzhou Iron Works”, with the construction area of 1,373.4m2 and 25 employees.
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