China has produced more than three million vehicles in the first seven months of this year, a 23 percent increase over the same period last year.

This is according to data from the China Association of Automobile Manufacturers, China Radio International reported Saturday.

However, analysts say car sales are not expected to grow rapidly even after the slow sales season of July and August and the output is likely to drop. In addition, many potential buyers are hesitating in the hope of further price drops.

Source: CRIENGLISH.com