Japan, Germany, ROK top 3 car exporters (Xinhua) Updated: 2004-07-25 08:56
Japan, Germany and the Republic of Korean (ROK) were the top three car
exporters to China in the first half of 2004, accounting for 88 percent of
China's car imports, according to statistics from China's Ministry of Commerce.
In the first half of 2004, China imported 96,780 autos valued US$2.918
billion, up 6.7 percent and 20.8 percent respectively over the last same period.
Sedans, jeeps and minibuses accounted for 91 percent of China's total auto
imports in the first half of 2004. This includes 33,404 or 39 percent from
Japan, 23,523 or 27 percent from Germany and 19,668 or 22 percent from ROK,
according to the sources.
In 2003, the volume of China's auto imports reached 170,000. This is 100,000
more than that of 2001 when China entered the World Trade Organization (WTO).
The volume of China's auto imports this year is expected to exceed that of
2003. Imported cars will not impose a great pressure on domestic producers
because of the sharp growth of Chinese auto industry, said an industrial
analyst.
