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CPCA: CN Car Mkt Should Strengthen if Stock Mkt Keeps Steady Uptrend in LT
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Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), said in a post that the latest policy is more powerful and targeted than previous ones, therefore the effect will be extraordinarily desirable for certain. The correlation between the property market and the car market when the stock market set a new height in 2014 was incredibly interesting, Cui cited historical reference. Although there are immense differences in many fundamental environmental factors and policies, they can still be used for comparison and reference, opined Cui. The results from 2014 to 2016 demonstrated that when there was an abrupt stock market boom, more money flowed into the stock market. Although it is difficult for the car market to achieve an exponential rise concurrently, if the stock market continues to rise steadily for a long time, the strengthening of the car market is inevitable. AAStocks Financial News |
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