Shanghai (ZXZC)- National Bureau of Statistics (NBS) announced on October 27 the operating income of the manufacture of motor vehicles from January to September reached RMB5802.27 billion ($821.27 billion), edging down 4.2% from the year-ago period. The Jan.-Sept. profits fell 16.6% year on year to RMB373.46 billion ($52.86 billion), with the decline shrinking 2.4 percentage points compared with the first eight months.      

Zhu Hong, senior statistician of the Industry Department of the National Bureau of Statistics (NBS), said that industrial enterprises’ performance in the first three quarters was structurally improved. The profit recovery of the auto and electronics industries was a main driver to the year-on-year 0.9% profit growth of the equipment manufacturing in this period versus a decrease of 0.7% from Jan. to Aug. 

Mao Shengyong, director of the National Economic Statistics Department of NBS, indicated that there is still room for growth in China's automobile consumption in light of current car parc. He added the entire consumer market had maintained good momentum. 

According to figures released by the China Association of Automobile Manufacturers (CAAM), China’s auto production and sales of September fell 6.2% and 5.2% from a year ago respectively to 2,209,000 units and 2,271,000 units. In the first nine months, 18,149,000 units were produced and 18,371,000 units were sold, dropping 11.4% and 10.3% year on year.   

At present, some cities in China are carrying out certain policy adjustments for the auto industry, such as the policies to promote the circulation speed of the used cars and the decision to remove local restrictive policies.