China imports more motor vehicles in first half year
Wednesday, 20 August 2008
BEIJING, Aug. 19 (Xinhua): China's auto imports grew rapidly in the first half, 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 today.
Domestic demand for vehicles with large-engine capacities also strengthened as many people bought in advance of a consumption tax hike, the administration added.
From January to June, China bought 212,000 motor vehicles from abroad, up 53.2 per cent from the same period of last year. The growth rate was 18.3 per centage points higher than the year- earlier level.
The arrivals were valued at 7.74 billion U.S. dollars, up 71.3 per cent.
The total included 108,000 off-road vehicles, up 78.9 per cent. The growth rate was 26 per centage points higher than the average for the total. Their proportion was up to 51.5 per cent from 44 per cent a year ago.
Around 92,000 vehicles each with an engine displacement of at least 3 liters were imported, up 86.9 per cent. The growth rate was 33. 7 per centage points higher than the average. Their proportion was up to 43.9 per cent from 35.9 per cent a year earlier.
Domestic demand for vehicles with large-engine capacities also strengthened as many people bought in advance of a consumption tax hike, the administration added.
From January to June, China bought 212,000 motor vehicles from abroad, up 53.2 per cent from the same period of last year. The growth rate was 18.3 per centage points higher than the year- earlier level.
The arrivals were valued at 7.74 billion U.S. dollars, up 71.3 per cent.
The total included 108,000 off-road vehicles, up 78.9 per cent. The growth rate was 26 per centage points higher than the average for the total. Their proportion was up to 51.5 per cent from 44 per cent a year ago.
Around 92,000 vehicles each with an engine displacement of at least 3 liters were imported, up 86.9 per cent. The growth rate was 33. 7 per centage points higher than the average. Their proportion was up to 43.9 per cent from 35.9 per cent a year earlier.