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| Tags: china, first, imports, months, motor, nearly, vehicles |
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08-24-2008, 12:30 AM
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China imports nearly 50% more motor vehicles in first 7 months
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 ...
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