The
price of both domestically produced and imported cars rose slightly in China over
July, according to the State Development and Reform Commission (SDRC).
The
price of China-made autos rose 0.18 % from June, but was down 1.93 % from July
last year. Prices
of imported cars saw a month-on-month rise of 0.25 % in July, and up 8.35 % from
July last year.
Cheng Xiaodong, an analyst on price supervision of the
SDRC, predicted prices would continue to drop moderately in the second half.
Over-production, surging oil prices, and the government's control on auto
credit lending would all drive prices down in the second half, said Cheng.
However, the government's macro-economic measures to control growth are expected
to slow production and prices would fall steadily and slightly, he said.
|
