Tuesday, September 30, 2008

China's auto imports rise 35% in value in first 8 months

China's auto imports jumped 35 percent in value in the first eight months from the same period last year, while exports surged 28 percent, according to the latest figure released by the China Association of Automobile Manufacturers on Monday.

The combined value in imports and exports rose 31 percent in the same period. The exact values and the sales volume in the imports and exports were not immediately available.

Germany surpassed Japan as the biggest motor vehicle supplier, contributing 33 percent of the total sales value. Japan took up 32percent.

Foreign-funded companies accounted for 37 percent of the country's total imports value, while joint-ventures imported 31 percent. That was followed by the state-owned enterprises with 20 percent share.

Beijing imported one third of the vehicles followed by Jilin with 18 percent. Guangdong took up 14 percent of the total imports value.

The CAAM data showed 19 percent of China's auto exports went to United States, while 10 and 7 percent were imported by Japan and Russia respectively.


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