高华12月14日专题报告,45页PPT。
We raise our 2017E China car market growth to 3%,from -3%,as we now forecast an extension of the current purchase tax rebate into next year as part of efforts to stabilize economic growth.Overall,we adjust our 2016E-18E China car market growth to 15.0%/3%/2% from previous 13%/-3%/5.5%,and introduce 2019E growth at 4%.