What role did the purchase tax cut from 2015 to 2017 play in the sales trends discussed?
China Auto Sales Growth Will Be Better in 2H, Says RHB Securities’s Zhuang
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The transcript discusses market trends, focusing on the slump and potential recovery. It highlights the impact of the 2015-2017 purchase tax cut on sales growth, predicting a slight improvement in the second half of the year. Despite some positive momentum, a strong recovery is not expected, with negative growth likely to continue. The discussion also touches on inventory clearance and new emissions rules affecting market dynamics.
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What is the speaker's overall outlook on the recovery of sales growth?
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