China imported 5.43 billion U.S. dollars worth of motor vehicles in the first
three quarters, up 55.4 percent year on year, according to latest figures from
the General Administration of Customs (GAC).
The country imported a total of 165,000 motor vehicles between January and
September, a rise of 43.2 percent on the same period of last year.
The country imported 78,000 sedans in the period, up 44.2 percent year on
year. Cross-country vehicle imports grew 37.3 percent to 65,000 units.
Imports from Europe and the United States totaled 88,000 units, compared with
49,000 units from Japan and 26,000 from the Republic of Korea.
Auto analysts attributed the strong growth in auto imports to the revived
market demand, reduced tariffs and the appreciation of Renminbi yuan.
Another important factor is that most imported vehicles are high-end products
which have no Chinese competition, the analysts said.
