China Auto Sales Growth Will Be Better in 2H, Says RHB Securities’s Zhuang

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.

What role did the purchase tax cut from 2015 to 2017 play in the sales trends discussed?

What is the speaker's overall outlook on the recovery of sales growth?