China’s 12 October reduction of export tax rebates targets new energy vehicles and e-cigarettes but leaves construction machinery out of scope, removing a bearish assumption that had weighed on the sector, Sina Finance reported on 19 October. The note argues the export outlook stays supported as developed markets restock and emerging markets keep spending on infrastructure and mining, with Chinese suppliers gaining share through localisation and electrified product ranges.
This is an editorial summary written by Xinray Technology. All rights to the original report belong to Sina Finance.
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