Automakers to make fewer cars in China

Global automakers will manufacture fewer vehicles in China this year than they are able to because of slowing demand in the world's largest auto market, a reversal after years of rushing to build factories.

The average level of capacity utilization across international auto brands has fallen to 94.3 percent in the first half of this year, dropping significantly below 100 percent, according to Sanford C Bernstein analysts led by Robin Zhu.

Foreign carmakers will have to accept lower utilization rates in the future, they said.