In July, the sales and production of automobiles witnessed decline than that of last month. Comparing with the same period of last year, the sales and production continued to increase, of which the growth rates were more than 20% due to a relatively low contrast base. This month, the sales-output ratio reached 94.5%. The business inventories increased.
        This month, the production and sales of automobiles in China reached 1,960,000 and 1,852,000 units respectively, down 4.4% and 10.6% than that of last month, but up 28.9% and 23.0% year on year, 40.7 percentage points and 30.1 percentage points higher than that of the same period last year.
        For the first seven months, the production and sales of automobiles were 14,854,000 and 14,684,000 units respectively, up 9.0% and 9.8% year on year, 8.2 percentage points and 9.4 percentage points higher than the same period last year.