Does this `.babelrc` have to be in the same directory, or can be resolved from parent ones?
Dmitri Zaitsev

Babel starts looking for a `.babelrc` file in the current working directory and will traverse up the file system until either it finds one or it can’t traverse up any farther. So doesn’t have to be in the same folder but, rather, anywhere between `process.cwd()`and the root of the file system.

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