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BMW will up stake in key China JV above 50%, report says

Owning a larger slice of BMW Brilliance Automotive would come at an opportune time for BMW amid trade disputes between China and the U.S. (BLOOMBERG)
TY
By:
Tian Ying Yan Zhang
July 12, 2018 05:00 AM

BMW stands to become the first foreign car manufacturer to own a majority stake in a Chinese joint venture, showing Beijing is following through on a pledge to increasingly open up the economy to global corporations.

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