Analysts: auto tax break cancellation no big impact on market

15:45, December 29, 2010      

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Analysts say the cancellation of that preferential tax break for smaller engines has been well anticipated and will not have a great impact on the auto industry nor auto stocks.

They also note that although this tax has been canceled, many other preferential polices, such as energy-saving subsidies, are still available. Therefore, they say, the impacts on car sales is "likely" to be temporary, and "unlikely" to affect the sales of small placement cars in the long run.

Source: CNTV.cn
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