Auto Imports via Shanghai Port Rise Sharply

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Last updated at: (Beijing Time) Thursday, January 16, 2003

Auto Imports via Shanghai Port Rise Sharply

Auto imports via China's largest foreign trade port Shanghai totaled 16,800 in 2002, up 1.78 times from the previous year, local customs officials said Wednesday.

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Auto imports via China's largest foreign trade port Shanghai totaled 16,800 in 2002, up 1.78 times from the previous year, local customs officials said Wednesday.

Shanghai Customs collected auto import tariffs of 2.65 billion RMB yuan (320 million US dollars) in the past year, a year-on-year increase of 103 percent, the officials said.

They attributed the drastic rise in auto imports mainly to China's entry into the World Trade Organization (WTO) at the end of 2001.

China sharply cut its tariffs on foreign imports in 2002, including foreign automobiles. Its annual auto imports quota was also raised to 8.4 billion dollars from 7.3 billion in 2001.

In 2002, the Chinese government abolished the special tariff imposed on vehicles manufactured in Japan, giving foreign auto imports another push, sources noted.

More than 51.3 percent of the autos imported via Shanghai were sedan cars, statistics showed. Imports also included 3,563 chassis mainly used for heavy engineering vehicles.

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