More Motor Vehicles Imported
Due to strong domestic demands, China’s motor vehicle imports soared sharply in the first two months of this year.
From January to February, China imported 62,000 motor vehicles for $2.26 billion, up 82.6% and 93.4% respectively compared with the same period of last year. The growth rates were respectively 63.9 percentage points and 80.8 percentage points higher. In February alone, the imports were 33,000 vehicles, up 130%, the highest growth rate since January 2007.
Foreign-funded companies took up 67.4%, or 42,000 vehicles, of the country’s total imports in the first two months. And wholly-owned foreign firms imported 35,000 vehicles, up 96.5%.
Off-road vehicles made up for 50 percent, or 31,000 units, of the total imports, up 140 percent, while cars accounted for 39.6%, or 25,000 units, up 45.6 %.
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