US tax cuts excite exporters

But corporate tax slash could cause some concern in certain sectors

Last week's cuts to US personal income tax and corporate tax rates will likely benefit certain Chinese manufacturers listed in the A-share market in the long run, while potentially hurting capital-intensive sectors like high-tech and new technologies, analysts said.

Chinese manufacturers who mainly export to the US will likely benefit as lower rates of personal income tax in the United States are expected to boost savings and disposable income, leading to an increase in household consumption.