Auto parts import grows steadily
(Xinhua)
Updated: 2006-10-28 15:58
The economically booming Guangdong Province in south China, a motor vehicle
manufacturing base, imported 1.13 billion U.S. dollars worth of auto parts in
the first three quarters, a growth of 17.8 percent year-on-year.
According to local customs sources, of the total, 1.04 billion U.S. dollars
worth of auto parts, or 92.3 percent, were imported from Japan, up 17.3 percent,
and 30 million U.S. dollars worth, from the European Union, up 36 percent.
The nine-month period saw Guangdong's imports of car automatic gear
boxes went up 49.6 percent to 390 million U.S. dollars worth, or 34 percent of
the province's total, the sources said.
The robust growth of auto parts
import were partly ascribed to expansion of motor vehicle production in
Guangdong and a reduction of import duties from 12.9 percent-18.6 percent to 10
percent.
Increasing demand for auto parts for maintenance of imported
vehicles also accounted for the import growth, the sources added.
Between January and September, China imported 165,000 motor vehicles, up
43.2 percent. (For more biz stories, please visit Industry Updates)
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