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Articles by Patrick Huston
Tax-Advantaged Employer Matching Contributions To Trump Accounts Now Available
Introduction: On August 11, 2026, the United States Department of Treasury announced guidance for employer-sponsored programs for contributions to Trump Accounts, as well as arrangements allowing employees to contribute to their dependents’ Trump Accounts on a pre-tax basis. This Legal Alert summarizes the key requirements, tax benefits, compliance obligations, and planning considerations for employers considering Trump Account matching programs.
5228 Stringfellow Rd, Saint James City, FL 33956, US
Copied 5228 Stringfellow Rd, Saint James City, FL 33956, US $649,000 5228 Stringfellow Rd, Saint James City, FL 33956 Checked: 14 hours ago Updated: Jul 23, 2025 at 03:06PM Investment Summary Net Operating Income (NOI) minus mortgage payments. Calculation: NOI - Mortgage Payments Monthly Cash Flow -$1,504 Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
PricewaterhouseCoopers (PwC) Australia told nine partners to go on leave and changed its governance board on Monday. This is because the company is
Synopsis A day later, PwC agreed that any employees who were involved would stop working for the government.. PricewaterhouseCoopers (PwC) Australia told nine partners to go on leave and changed its governance board on Monday. The firm said that none of its clients had done anything wrong, and no secret information had been used to help clients pay less tax.. PricewaterhouseCoopers (PwC) Australia told nine partners to go on leave and changed its governance board on Monday.
Early this year, when Kevin McCarthy was having trouble getting enough votes from his fellow Republicans to become Speaker of the House of
Early this year, when Kevin McCarthy was having trouble getting enough votes from his fellow Republicans to become Speaker of the House of Representatives, Democratic President Joe Biden called it a national embarrassment and then had some fun with it. “I’ve got good news for you,” Biden said to a reporter after a speech in Kentucky, pointing at the person in a playful way.
Lordstown Motors said on Monday that it might have to file for bankruptcy because of uncertainty about a $170 million investment deal with its biggest
Synopsis Lordstown Motors said on Monday that it might have to file for bankruptcy because of uncertainty about a $170 million investment deal with its biggest shareholder, Foxconn (2317 TW) This sent shares of the Ohio-based electric truck maker down 23% Lordstown Motors said on Monday that it might have to file for bankruptcy because of uncertainty about a $170 million investment deal with its biggest shareholder, Foxconn (2317.TW).
Fox News Media and its most popular host, Tucker Carlson, have agreed to part ways. This comes less than a week after Fox Corp (FOXA.O), Carlson’s parent
Fox News Media and its most popular host, Tucker Carlson, have agreed to part ways. This comes less than a week after Fox Corp (FOXA.O), Carlson’s parent company, settled a defamation case he was a part of for $787.5 million. Carlson was outspoken about conservative topics and gave his opinions in a way that made his prime-time show “Tucker Carlson Tonight” the highest-rated cable news show in the key 25-to-54 age group on the most-watched U.S. cable news network.
Tuesday, President Vladimir Putin signed an order that gives Russia temporary control over the assets of two foreign energy companies. This shows that
For more such updates bookmark this category Business News Highlight's: Tuesday, President Vladimir Putin signed an order that gives Russia temporary control over the assets of two foreign energy companies This shows that Moscow could do the same thing to other companies if it needs to The decree showed that Moscow had already taken action against the Russian branch of Uniper SE (UN01 Tuesday, President Vladimir Putin signed an order that gives Russia temporary control over the assets of two...
On Wednesday, shares of First Republic Bank (FRC.N) hit an all-time low after a report said the U.S. government wouldn’t help with the rescue plan. This
On Wednesday, shares of First Republic Bank (FRC.N) hit an all-time low after a report said the U.S. government wouldn’t help with the rescue plan. This report added to worries about how the struggling bank planned to turn its business around. At $6.05, the company’s shares were worth 25% less than they were on Tuesday, when they were worth almost half as much. CNBC said that sources said that U.S. government officials were not ready to help with the First Republic rescue process right now.
Janet Yellen, the U.S. Treasury Secretary, said on Tuesday that if Congress doesn’t raise the government’s debt limit and the government defaults, it will
For more such updates bookmark this category Business News Highlight's: Janet Yellen, the U S Treasury Secretary, said on Tuesday that if Congress doesn’t raise the government’s debt limit and the government defaults, it will cause a “economic catastrophe” that will make interest rates go up for years Janet Yellen, the U.S. Treasury Secretary, said on Tuesday that if Congress doesn’t raise the government’s debt limit and the government defaults, it will cause a “economic catastrophe” that...
Kevin McCarthy, the Republican speaker of the U.S. House of Representatives, said that lawmakers will vote on a bill to raise the $31.4 trillion federal
Kevin McCarthy, the Republican speaker of the U.S. House of Representatives, said that lawmakers will vote on a bill to raise the $31.4 trillion federal debt ceiling and cut spending on Wednesday, even though there is still disagreement among them about the plan.
Britain will stop Microsoft (MSFT.O) from buying “Call of Duty” maker Activision Blizzard (ATVI.O) for $69 billion because it thinks it would hurt
For more such updates bookmark this category Business News Highlight's: Britain will stop Microsoft (MSFT O) from buying “Call of Duty” maker Activision Blizzard (ATVI O) for $69 billion because it thinks it would hurt competition in cloud gaming Britain will stop Microsoft (MSFT.O) from buying “Call of Duty” maker Activision Blizzard (ATVI.O) for $69 billion because it thinks it would hurt competition in cloud gaming. This is a surprise blow to the biggest deal in gaming history.
Even though a report showed that U.S. crude stocks fell more than expected last week, oil prices went down again on Wednesday. Weak economic data in the
For more such updates bookmark this category Business News Highlight's: Even though a report showed that U S crude stocks fell more than expected last week, oil prices went down again on Wednesday Even though a report showed that U.S. crude stocks fell more than expected last week, oil prices went down again on Wednesday. Weak economic data in the world’s biggest economy has raised fears of a recession there.
GSK (GSK.L) started off 2023 with a quarterly performance that was better than what analysts had expected. This continued a string of good results that
For more such updates bookmark this category Business News Highlight's: GSK (GSK L) started off 2023 with a quarterly performance that was better than what analysts had expected This continued a string of good results that were made possible by strong sales of its vaccines and HIV and respiratory drugs GSK (GSK.L) started off 2023 with a quarterly performance that was better than what analysts had expected.
VinFast, a Vietnamese company that makes electric cars, said on Wednesday that it had received a new round of funding commitments worth $2.5 billion for
News Highlight's: VinFast, a Vietnamese company that makes electric cars, said on Wednesday that it had received a new round of funding commitments worth $2 5 billion for its future growth This could mean that the company’s planned listing in the United States will be put off again VinFast, a Vietnamese company that makes electric cars, said on Wednesday that it had received a new round of funding commitments worth $2.5 billion for its future growth.
Carrier Global Corp (CARR.N), a company that makes air conditioners, said on Tuesday that it would buy a part of the German company Viessmann Group that
News Highlight's: Carrier Global Corp (CARR N), a company that makes air conditioners, said on Tuesday that it would buy a part of the German company Viessmann Group that makes heating boilers and heat pumps The deal, worth $13 Carrier Global Corp (CARR.N), a company that makes air conditioners, said on Tuesday that it would buy a part of the German company Viessmann Group that makes heating boilers and heat pumps. The deal, worth $13.17 billion in cash and stock, is worth 12 billion euros.
Binance.The US backed out of a $1.3 billion deal to buy the assets of bankrupt crypto lender Voyager Digital, citing a “hostile and uncertain regulatory
Binance.The US backed out of a $1.3 billion deal to buy the assets of bankrupt crypto lender Voyager Digital, citing a “hostile and uncertain regulatory climate.” In a court filing on Tuesday, Voyager’s lawyers said that the company kept all of its rights regarding a $10 million good-faith deposit that Binance.US paid to Voyager and a reverse-termination fee that Binance owes.US.
Switzerland’s Roche (ROG.S) said that its first-quarter sales fell by 7% because fewer people wanted its COVID-19 therapies and tests. This drop was less
News Highlight's: Switzerland’s Roche (ROG S) said that its first-quarter sales fell by 7% because fewer people wanted its COVID-19 therapies and tests This drop was less severe than experts had expected, though, because a new eye drug brought in a lot more money Switzerland’s Roche (ROG.S) said that its first-quarter sales fell by 7% because fewer people wanted its COVID-19 therapies and tests.
Vonovia (VNAn.DE) has agreed to sell a part of its Suedewo residential portfolio to U.S. investor Apollo for 1 billion euros ($1.10 billion), Germany’s
News Highlight's: Vonovia (VNAn DE) has agreed to sell a part of its Suedewo residential portfolio to U S Vonovia (VNAn.DE) has agreed to sell a part of its Suedewo residential portfolio to U.S. investor Apollo for 1 billion euros ($1.10 billion), Germany’s biggest real estate group said Thursday. The deal could be a big deal for the failing German real estate market. In recent months, there haven’t been many big sales because of high interest rates and falling home prices.
South Korean media said on Wednesday that Hyundai Motor Co (005380.KS) wants to leave Russia and sell its factories there to a Kazakh company.South Korean
South Korean media said on Wednesday that Hyundai Motor Co (005380.KS) wants to leave Russia and sell its factories there to a Kazakh company. South Korean TV station MBC said that talks to sell Hyundai’s factories in Russia are in their final stages and that the carmaker has been waiting for the Russian government’s final approval. “There are still talks going on about the sale, but nothing has been decided yet,” Hyundai Motor told the TV network.
German sportswear company Puma (PUMG.DE) said on Wednesday that it expects second-quarter sales to grow at a low- to mid-single-digit rate, which is below
German sportswear company Puma (PUMG.DE) said on Wednesday that it expects second-quarter sales to grow at a low- to mid-single-digit rate, which is below its full-year goal. This is because the company has a lot of inventory and demand is low because inflation is still high. But the company made more money than expected in the first quarter. The company said that strong growth around the world, especially in Greater China, helped make up for its poor performance in the overstocked U.S. market.
China’s largest insurer by market value, Ping An Insurance (Group) Co., Ltd. (601318.SS), reported a net profit increase of 48.9% for the first quarter as
For more such updates bookmark this category Business News Highlight's: China’s largest insurer by market value, Ping An Insurance (Group) Co , Ltd (601318 China’s largest insurer by market value, Ping An Insurance (Group) Co., Ltd. (601318.SS), reported a net profit increase of 48.9% for the first quarter as its investment income increased. According to a filing, the company’s profit for the January-March quarter increased to 38.4 billion yuan ($5.55 billion).
Visa Inc (V.N) reported a better-than-expected profit for the second quarter on Tuesday and wagered on sustained growth in its payments business, as
Visa Inc (V.N) reported a better-than-expected profit for the second quarter on Tuesday and wagered on sustained growth in its payments business, as consumers brace for a milder-than-anticipated recession. The shares of the payments processor based in San Francisco, which have gained 11% so far this year, rose another 2.4% in after-hours trading. Due to a strong dollar and a revival in travel, particularly in China, card companies escaped the economic downturn of last year unscathed.
Russian bank Sberbank (SBER.MM) announced on Monday that it had released technology called GigaChat as a competitor to ChatGPT. At first, the technology
News Highlight's: Russian bank Sberbank (SBER MM) announced on Monday that it had released technology called GigaChat as a competitor to ChatGPT At first, the technology was only available to people who were invited to test it, joining the race to create the best AI robot Russian bank Sberbank (SBER.MM) announced on Monday that it had released technology called GigaChat as a competitor to ChatGPT.
Bed Bath & Beyond Inc. (BBBY.O) filed for Chapter 11 bankruptcy protection on Sunday because it couldn’t get the money it needed to stay in business.
News Highlight's: Bed Bath & Beyond Inc (BBBY O) filed for Chapter 11 bankruptcy protection on Sunday because it couldn’t get the money it needed to stay in business Bed Bath & Beyond Inc. (BBBY.O) filed for Chapter 11 bankruptcy protection on Sunday because it couldn’t get the money it needed to stay in business. The company is now having a clearance sale to get rid of all of its assets.
Credit Suisse (CSGN.S) said on Monday that $68 billion worth of assets left the bank in the first quarter and that the outflows were still going on. This
News Highlight's: Credit Suisse (CSGN S) said on Monday that $68 billion worth of assets left the bank in the first quarter and that the outflows were still going on This shows how hard it will be for UBS Group (UBSG Credit Suisse (CSGN.S) said on Monday that $68 billion worth of assets left the bank in the first quarter and that the outflows were still going on. This shows how hard it will be for UBS Group (UBSG.S) to save its peer.
Seven people with knowledge of the situation say that China pushed banks this month to cut deposit interest rates even more. This is the latest step China
Seven people with knowledge of the situation say that China pushed banks this month to cut deposit interest rates even more. This is the latest step China has taken to get the country’s huge savings pool to be spent and invested in more useful ways. Members of China’s “interest rate self-regulatory mechanism,” which are mostly banks, got together this month and were told to lower deposit rates, according to two people who attended the meeting and two other bank sources who knew a lot about it.
In the latest way to make money, crowds of people have been milling around the front of a museum in central Seoul, apparently without a purpose. They
In the latest way to make money, crowds of people have been milling around the front of a museum in central Seoul, apparently without a purpose. They brush past each other silently with their heads down and fingers tapping on their phones. Users of the South Korean startup Viva Republica’s financial services app Toss can earn up to 10 cents each time they walk 10,000 steps, do things like sign up for social media, or just tap the screen when other users are close.
Standard Chartered (STAN.L) said on Monday that the so-called “crypto winter” is over and that bitcoin could hit $100,000 by the end of 2024.Geoff
News Highlight's: Standard Chartered (STAN L) said on Monday that the so-called “crypto winter” is over and that bitcoin could hit $100,000 by the end of 2024 Geoff Kendrick, head of digital assets research at Standard Chartered, said in a note that Bitcoin could benefit from recent turmoil in the banking sector, a stabilization of risk assets as the U For more such updates bookmark this category Business Standard Chartered (STAN.L) said on Monday that the so-called “crypto winter” is over...
Philips (PHG.AS) stock rose 13% on Monday after the Dutch health technology company said its first-quarter results were much better than expected and that
Philips (PHG.AS) stock rose 13% on Monday after the Dutch health technology company said its first-quarter results were much better than expected and that it had set aside 575 million euros ($631 million) for lawsuits linked to the recall of respiratory devices. Amsterdam-based Since the global recall of millions of respirators used to treat sleep apnea was reported in June 2021, Philips has been dealing with the fallout. Since the recall, the market value of Philips has dropped by about 70%.
Oil prices stayed the same on Monday because worries about rising interest rates, the state of the world economy, and the future of fuel demand were
News Highlight's: Oil prices stayed the same on Monday because worries about rising interest rates, the state of the world economy, and the future of fuel demand were matched by the possibility that supplies would get tighter By 9:05 GMT, the price of a barrel of Brent oil fell by 22 cents, or 0 3%, to $81 For more such updates bookmark this category Business Oil prices stayed the same on Monday because worries about rising interest rates, the state of the world economy, and the future of...
In the mountainous north of Argentina, a strong stream of lithium projects that are close to starting up could lead to a wave of production that could
In the mountainous north of Argentina, a strong stream of lithium projects that are close to starting up could lead to a wave of production that could triple the country’s lithium production in the next two years. The world’s fourth biggest producer of the silvery-white metal is in the so-called “lithium triangle.” It has been attracting investment from Canadian and Chinese mining companies with a regional and market-led model, even as a wave of resource nationalism has spread in the area.
In the next few days, U.S. fuel companies are likely to report higher earnings for the first quarter. This is because fuel exports and margins have been
In the next few days, U.S. fuel companies are likely to report higher earnings for the first quarter. This is because fuel exports and margins have been strong, even though domestic diesel demand fell during the time. As a result of the closings that happened during the pandemic, refiners have been riding a wave of good prices and demand. Products being in higher demand at different times has also helped. Recently, jet fuel shot up while gasoline fell.
Nidec Corp (6594.T), a Japanese company that makes electric motors, posted its first quarterly financial loss in 10 years on Monday. This was due to high
Nidec Corp (6594.T), a Japanese company that makes electric motors, posted its first quarterly financial loss in 10 years on Monday. This was due to high costs for restructuring and trouble getting semiconductors and other parts. A survey of analysts by Refinitiv found that the average loss prediction for the January-March quarter was 11.75 billion yen. The loss for that quarter was $24.3 billion yen, or $181.01 million.
Even though the first half of the year was rough and the world economy is uncertain, the head of Thailand’s central bank said on Monday that the country’s
News Highlight's: Even though the first half of the year was rough and the world economy is uncertain, the head of Thailand’s central bank said on Monday that the country’s economy is still expected to grow by 3 6% this year This growth will be driven by tourists and domestic spending For more such updates bookmark this category Business Even though the first half of the year was rough and the world economy is uncertain, the head of Thailand’s central bank said on Monday that the country’s...
Coca-Cola Co. (KO.N) beat Wall Street’s estimates for quarterly sales and profit on Monday. This is because demand for its sodas stayed strong despite
Coca-Cola Co. (KO.N) beat Wall Street’s estimates for quarterly sales and profit on Monday. This is because demand for its sodas stayed strong despite multiple price hikes to cover higher costs for raw materials and shipping. The company said that the average selling price went up by 11% in the first quarter, while the number of units sold per case went up by 3%.
Chinese internet users criticized the German automaker BMW (BMWG.DE) on Thursday, accusing it of discrimination at the Shanghai auto show because workers
News Highlight's: Chinese internet users criticized the German automaker BMW (BMWG DE) on Thursday, accusing it of discrimination at the Shanghai auto show because workers at its Mini booth favored foreign visitors over Chinese visitors during an ice cream giveaway campaign Mini apologized for the incident in question and said in a post on its official Weibo account that it was caused by bad internal management and that it would improve training For more such updates bookmark this category...
A source close to Deutsche Bank (DBKGn.DE) told Reuters on Thursday that the bank intends to reduce its executive board from 10 to nine members and cut
News Highlight's: A source close to Deutsche Bank (DBKGn DE) told Reuters on Thursday that the bank intends to reduce its executive board from 10 to nine members and cut positions in infrastructure and its private banking business in order to save money The largest bank in Germany, which is scheduled to release first-quarter results on April 27, declined to comment A source close to Deutsche Bank (DBKGn.DE) told Reuters on Thursday that the bank intends to reduce its executive board from 10...
Treasury Secretary Janet Yellen will say in a Thursday speech that the United States seeks “constructive and fair” economic ties with China, but will
News Highlight's: Treasury Secretary Janet Yellen will say in a Thursday speech that the United States seeks “constructive and fair” economic ties with China, but will defend its national security interests and push back against China’s efforts to dominate foreign competitors In Treasury-released excerpts, Yellen outlined the Biden administration’s primary objectives for the economic relationship between the world’s two largest economies, despite ongoing tensions that have prevented...
Renault (RENA.PA) does not intend to drastically reduce prices on its electric vehicles, including the recently introduced Megane E-Tech, and follow U.S.
Renault (RENA.PA) does not intend to drastically reduce prices on its electric vehicles, including the recently introduced Megane E-Tech, and follow U.S. competitor Tesla in what the French automaker’s finance chief described on Thursday as a “spiral” downward. Tesla reported its lowest quarterly gross margin in two years, missing market expectations, after aggressively reducing prices in markets such as the United States, China, and Europe to stimulate demand and combat rising competition.
“The joint investment will enable South Korea to begin commercial production of solid-state batteries before its competitors,” the ministry said in a
News Highlight's: “The joint investment will enable South Korea to begin commercial production of solid-state batteries before its competitors,” the ministry said in a statement The South Korean government and its leading battery companies plan to invest a combined 20 trillion won ($15,1 billion) through 2030 to develop advanced battery technologies, including solid-state batteries, according to a Thursday announcement by the industry ministry Three of the world’s five largest electric...
Ingka Group, the owner of IKEA stores, will spend 2 billion euros ($2.2 billion) over the next three years expanding in the United States, its largest
News Highlight's: Ingka Group, the owner of IKEA stores, will spend 2 billion euros ($2 2 billion) over the next three years expanding in the United States, its largest investment in a single country, in an effort to win American consumers as other big-box retailers close stores IKEA, which launched its first U For more such updates bookmark this category Business Ingka Group, the owner of IKEA stores, will spend 2 billion euros ($2.2 billion) over the next three years expanding in the United...
The cost of insuring exposure to U.S. debt rose to its highest level in over a decade on Thursday, as market concerns over the debt ceiling prompted
The cost of insuring exposure to U.S. debt rose to its highest level in over a decade on Thursday, as market concerns over the debt ceiling prompted JPMorgan to warn of a “non-trivial risk” of a technical default on U.S. Treasuries. Spreads on U.S. five-year credit default swaps – market-based measures of the risk of a default – increased to 49 basis points, more than doubling their January level, according to data from S&P Global Market Intelligence.
Due to the “scarring effect” of COVID-19, it will take time for Chinese consumer demand to recover, but there is no basis for long-term deflation, a
News Highlight's: Due to the “scarring effect” of COVID-19, it will take time for Chinese consumer demand to recover, but there is no basis for long-term deflation, a People’s Bank of China (PBOC) official stated on Thursday While the second-largest economy in the world reported better-than-anticipated growth in the first quarter, some economists believe the optimistic headline figures conceal underlying weakness in both domestic and foreign demand Despite record bank lending in the first...
Porsche AG (P911_p.DE) said on Monday that its first-quarter sales were up 18% from the same time last year, which was a record.The German premium car
News Highlight's: Porsche AG (P911_p DE) said on Monday that its first-quarter sales were up 18% from the same time last year, which was a record The German premium car company sold 21,365 cars in China, which is its biggest single market For more such updates bookmark this category Business Porsche AG (P911_p.DE) said on Monday that its first-quarter sales were up 18% from the same time last year, which was a record.
SAS (SAS.ST) won’t use the second part of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, the airline said on
News Highlight's: SAS (SAS ST) won’t use the second part of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, the airline said on Monday This is because the airline’s cash is getting better than expected, which means it won’t need the second part of the loan SAS (SAS.ST) won’t use the second part of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, the airline said on Monday.
The holding company of Italy’s Agnelli family, Exor, said on Monday that Ajay Banga, who was chosen by the U.S. to run the World Bank, will not try to
News Highlight's: The holding company of Italy’s Agnelli family, Exor, said on Monday that Ajay Banga, who was chosen by the U S to run the World Bank, will not try to keep his job as head For more such updates bookmark this category Business The holding company of Italy’s Agnelli family, Exor, said on Monday that Ajay Banga, who was chosen by the U.S. to run the World Bank, will not try to keep his job as head.
Institutional Shareholder Services (ISS) has suggested that Barclays investors re-elect all board members at the company’s annual meeting next month. This
Institutional Shareholder Services (ISS) has suggested that Barclays investors re-elect all board members at the company’s annual meeting next month. This has slowed down protests against bosses for supporting former CEO Jes Staley, who is being probed for his ties to sex trafficker Jeffrey Epstein. In a report released on Monday, the powerful proxy advisor said that “questions may be raised” about the board’s decision to back Staley between 2019 and 2021.
The effort automakers are undertaking to improve EV technology and new manufacturing processes is much more significant. That’s leading to a series of
The effort automakers are undertaking to improve EV technology and new manufacturing processes is much more significant. That’s leading to a series of newly announced and coming-soon models that will make EVs cheaper and more mainstream, highlighted by Tesla’s first detailed public explanation of how its next-generation car due next year will start between $25,000 and $30,000.
After years of regulatory crackdowns and draconian Covid restrictions, China’s private entrepreneurs lack enthusiasm. To restore their confidence, the
After years of regulatory crackdowns and draconian Covid restrictions, China’s private entrepreneurs lack enthusiasm. To restore their confidence, the Chinese government has resorted to surprising measures, but the campaign has inspired more apprehension than optimism. Beijing plans to transform the island province of Hainan into the world’s largest free trade port. At the end of last month, Hainan carried out a comprehensive set of initiatives aimed at bolstering the private sector.
China’s car market, which is the biggest in the world, is moving quickly toward an electric future, leaving well-known brands stuck in the slow lane.When
News Highlight's: China’s car market, which is the biggest in the world, is moving quickly toward an electric future, leaving well-known brands stuck in the slow lane When car industry leaders meet in Shanghai on Tuesday for the auto show, they will be going back to a market that is very different from the one they left in 2021, when the industry got together for a small event with strict COVID-19 rules The biggest change is that names made in China now lead in key markets China’s car market,...
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