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Home >> Business
UPDATED: 18:02, August 31, 2006
Lower tariffs see record automobile imports in July
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The General Administration of Customs (GAC) said China imported 23,000 automobiles in July, a record figure for a single month.

The administration attributed surging automobile imports to the lowering of auto import tariffs starting July 1.

Tariffs on sedans, cross-country vehicles and passenger cars dropped from 28 percent to 25 percent.

Import volume in July was 35 percent higher than the average for the first six months of this year, said the GAC. But it did not give the import figure for July 2005.

From January to July, China imported a total of 127,000 automobiles worth 4.17 billion U.S. dollars, up 75.8 percent over the same month of last year. In volume terms, this represents a rise of 60 percent in comparison with the same month of 2005.

Source: Xinhua


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