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China's automobile2 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 auto1 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 consecutive3 month of decline.
The economic slowdown, industry competition and purchase quota4 policies in first-tier cities are said to be to blame for the contraction5.
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.
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