中国七月汽车销量继续下跌
China's automobile industry has reported lower-than-expected output and sales in the first seven months.
中国汽车行业产量与销量近七个月以来首次低于预期值。
According to the China Association of Automobile Manufacturers, both auto production and sales have reported an 11.8 percent and 7.1 percent year-on-year decline in July alone.
This also marks the third consecutive month of decline.
The economic slowdown, industry competition and purchase quota policies in first-tier cities are said to be to blame for the contraction.
Among all vehicles, the output and sales of commercial cars have dropped significantly by some 14 percent in the first seven months of this year.