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changing times – china is half of BMW’s profits

Consumer

When leaders of the world’s largest economies gather for a summit in Seoul this Thursday, their mantra will be “global rebalancing.”

The idea is to change the world economy so that it relies less on American consumers and more on shoppers in China, Germany and other countries with big trade surpluses. The aim is to build a firmer foundation for global growth and avoid financial instability. read more

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