S. China Customs Report Big Rise in Auto Imports

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Last updated at: (Beijing Time) Tuesday, February 18, 2003

S. China Customs Report Big Rise in Auto Imports

A total of 4,087 cars were imported through the capital of south China's Guangdong Province in January, a year-on-year rise of 86 percent, the customs office said.

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A total of 4,087 cars were imported through the capital of south China's Guangdong Province in January, a year-on-year rise of 86 percent, the customs office said.

The import volume of automobiles topped 116 million US dollars,up 95.5 percent over the same month last year.

Analysts here attributed the great rise to the reduction of tariffs, an increase in domestic demand and the import quota granted at the end of last year.

Guangzhou customs said imports of higher-priced cars increased.The number of cars imported from Germany, with an average unit price of 53,800 US dollars, saw a year-on-year rise of 37.6 percent to 550.

The number of cars imported from Japan increased by 24.3 percent to 2,477 worth 56.36 million US dollars, accounting for 60.6 percent of the total imported through Guangzhou. The unit price of cars averaged 22,800 US dollars.

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