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Prices in China have remained largely flat for years, with the country’s consumer price index growing at less than 1 per cent for 33 months in a row and factory-gate prices stuck in a prolonged contraction that has lasted more than three years.

https://www.scmp.com/economy/china-economy/article/3338472/china-must-take-action-avoid-japan-style-deflation-spiral-scholars-warn

Beijing is providing other signals as to its stance on the issue. An unnamed official from the Central Financial and Economic Affairs Commission told state news agency Xinhua that the country vows to introduce targeted policies next year to support imports of high-quality consumer goods and key equipment.

Analysts said the gap reflects how much of the surplus has flowed back overseas through asset investment, largely made by private-sector players, leaving China’s external accounts more balanced than the headline trade figures suggest.

https://www.scmp.com/economy/china-economy/article/3338034/china-has-logged-us1-trillion-trade-surplus-where-all-money-going

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The growth of BMW’s production center in Spartanburg, S.C., has made it America’s top auto exporter. Last year the factory produced roughly 396,000 sport-utility vehicles, of which more than half were exported to the European Union, China and the U.K., among other markets. Unlike most peers, it also owns the majority of its Chinese joint venture, BMW Brilliance. Zipse this year called BMW “one of our industry’s few true global players.”