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Discussion Question: Japan had remained world's largest producer of automobiles for quite a long time but devastating earthquake and tsunami in recent years adversely hit Japanese economy. Now China has overtaken Japan's automobiles industry and had become world's leading manufacturer of automobiles. Many Japanese automobile manufacturers including Toyota, Honda and Nissan have shifted their manufacturing plants in China instead of choosing any other country.  Keeping in view the above stated situation, discuss the economic factors that Japanese automobile producers have considered while taking decision to establish their manufacturing plants in China. Also elaborate how this decision would give benefit to the consumers of the world?

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