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New 50-year-old phenomenon

新五十岁现象(xin wushisui xianxiang)

Following in the footsteps of Mei Yonghong, mayor of Ji'ning city, East China's Shandong province, who recently resigned and went into business, Ding Lei, deputy head of Shanghai Pudong New Area, has joined LeTV and got several senior executive positions, including one as co-founder of its electric-car unit, Leshi Super Electric Car Co.