About us
Contact us
 
China Imports Nearly 50% More Motor Vehicles in first 7 Months
english.Chinabuses.com 2008-8-25
 

China's auto import grew faster in the first seven months of this year, as world auto giants turned to the Chinese market after the U.S. economic slump and rocketing oil prices drove sales down on U.S. and European markets, the General Administration of Customs said on Sunday.

Domestic demand for large-engine vehicles also strengthened as many people bought in advance of a consumption tax hike that is due to take effective on September 1, the administration added.

Between January and July, China imported 247,000 motor vehicles, a growth of some 48 percent on the same period of last year. The growth rate was 14.6 percentage points higher than the year-earlier level.

The arrivals were valued at 9.17 billion U.S. dollars, up 66.3 percent.

Most of the imports were luxury cars.

Earlier report said 92,000 vehicles each with an engine displacement of at least 3 liters were imported, up 86.9 percent. The growth rate was 33.7 percentage points higher than the average for the total. Their proportion was up to 43.9 percent from 35.9 percent a year ago.

Japan, the European Union, the Republic of Korea and the United States were the top four sources for China's auto imports.

 

 



FILL IN THE FEEDBACK FOR OUR SERVICE APPLICATION
We Will Help You With Our Best
consultation: overseas consultation
Security Code :
Name:
*
Company: *
Position:
Telephone: *
Fax: *
Address: *
Postalcode:
E_mail: *
Message
*
 
Hot Order: China Buses Guide 2008
Exclusive Reports on Visiting China Buses & Coaches Industry
Kinglong: 'Longway' Olympic Torch Relay Motorcade Shines in Fujian
Cover Report: Busworld Asia 2008
China Bus and Bus Transit Forum Organized by Chinabuses.com Grandly Held In Beijing