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Sales of passenger vehicles hit 1.12 million units, up 10.71 percent year on year, while production hit 1.18 million units, up 12.79 percent, the data showed.

In the January-July period, overseas business-related proceeds of domestic institutional and individual clients via banks totaled 1.44 trillion U.S. dollars, with 1.35 trillion U.S. dollars paid to overseas businesses, SAFE data showed.

Australia's Simonds Group has promoted commercial properties in Sydney and Melbourne and set up a branch in Dalian in April, said Chang Yihua, a company employee.

The consumer price index (CPI), a key gauge of inflation, grew to 1.8 percent year on year in July, the slowest rate since February 2010, the National Bureau of Statistics (NBS) announced Thursday.

Zhao Qingmin, a financial researcher with the China Construction Bank, said banks will no longer see huge foreign exchanges surplus as the market expects the yuan to devalue in the coming months.