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A Profitable Trade: Illicitly Shipping BMWs to China

The Wall Street Journal
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December 03, 2013 AT 9:26 AM
In the U.S., a BMW X5 sport-utility vehicle costs just over $52,000. In China, the same car costs nearly three times that, creating an opening for arbitragers to buy in the U.S. and ship the cars to China for a quick profit. Andrew Grossman reports. Photo: BMW USA.