The sales declines continued to narrow

  In July, the decrease rate continued to narrow on yearly basis. This month, the production and sales of automobiles in China reached 1,800,000 and 1,808,000 units respectively, down 5% and 12.1% than that of last month, and down 11.9% and 4.3% year on year. The year-on-year decrease rate shrank 5.4 percentage points and 5.3 percentage points than that of last month.

  For the first seven months, the production and sales of automobiles were 13,933,000 and 14,132,000 units respectively, down 13.5% and 11.4% year on year. The decrease rate narrowed 0.2 percentage points and 1 percentage point than that of the first six months.