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Cui Dongshu, secretary-general of the China Passenger Car Association, agreed that a number of things influenced a luxury car buyer's choice, and automakers were trying to leverage the 1 percent VAT reduction as an opportunity to tweak their prices.
Currently, the company focuses on core products such as bearings for cars and precision machine tools. The Heilongjiang company produces one-third of precision bearings for the domestic market.
Cui believes the shift of local governments' subsides from cars to infrastructure will encourage car purchases.
Cross-cyclical framework considered a help in dealing with long-term issues
Critics of the deal, including some US lawmakers, worry the technology gained through the acquisition of Lattice could be used by China's military, but the companies have argued it poses no such risk.
来源：资阳报