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BMW, Tesla to gain as China removes ownership cap

Bloomberg China’s decision to stop putting foreign carmakers in bed with local partners is unlikely to prompt a major unwind anytime time soon. But it dangles the lucrative draw of future wholly-owned future factories. Such a move would benefit new competitors like Tesla Inc. and late China-arrivals like Fiat Chrysler Automobiles with no or limited joint-venture production in China. Luxury ...

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Third-tier cities lead China’s home price gains

Bloomberg China’s home prices rose at the fastest pace in three months in March, fuelled by gains in smaller cities, even as the government maintained a two-year campaign to cool the housing market. New-home prices across 70 cities gained 0.42 percent from a month earlier, according to Bloomberg calculations based on data from the National Bureau of Statistics. That compared ...

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‘Pearls imports’ hint at capital flight from India

Bloomberg Runaway jewellers have become somewhat of a staple of news headlines out of India. But reading the small print of trade numbers may tell a new story — flight of capital. A spurt in imports of precious stones and pearls, at a time when gold imports have moderated, has raised the red flag for analysts at Credit Suisse AG, ...

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