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The global expansion of Chinese construction equipment manufacturers can also be attributed to their proactive approach to mergers and acquisitions. By acquiring established brands in different regions, Chinese companies have not only enhanced their technological capabilities but also gained instant access to new markets. For example, SANY's acquisition of Germany-based Putzmeister allowed it to harness advanced German technology while expanding its reach into the European market.


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At the core of pricing for any product, including cars, lies the fundamental economic principle of supply and demand. When the demand for a particular model or brand skyrockets, prices often follow suit, especially if the supply is limited. This phenomenon was notably observed during the COVID-19 pandemic when vehicle production was severely disrupted. As consumers returned to the market with pent-up demand, the limited availability of certain models resulted in inflated prices, sometimes exceeding the manufacturer’s suggested retail price (MSRP).


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The mention of 2019 represents a moment where awareness began to peak regarding climate change and environmental degradation. Movements such as Fridays for Future and growing sentiments aligned with the youth climate strikes highlighted the urgency and mobilization needed to tackle these issues. In this context, 2019 can be seen as a year of awakening, where the global community recognized that the choices made in the coming decades would have lasting impacts on generations to come.


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