Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->China's automobile imports surge in JulyYou are the 530230 visitors
Views:816   |   recommendation:   |   Votes:0   |   Discuss:0
China's automobile imports surge in July

"China's automobile and chassis imports witnessed strong growth in July thanks to government moves to lower tariffs for autos and auto parts."

China's automobile and chassis imports witnessed strong growth in July thanks to government moves to lower tariffs for autos and auto parts.

The value of vehicle and chassis imports rose 66.1 percent to 48.46 billion yuan (about 7 billion U.S. dollars) last month, according to the General Administration of Customs.
China imported 165,000 vehicles and chassis in July, surging 266.7 percent from June and up 50 percent year on year.

The Ministry of Finance announced earlier this year that China would cut import tariffs on vehicles and auto parts starting July 1, with tariffs for vehicles down from 25 percent and 20 percent to 15 percent.

In the first seven months of 2018, the total value of vehicle and chassis imports edged up 2.2 percent, while the amount was down by 3.1 percent year on year.

Automobile and chassis export value rose 35.3 percent in July and 17.9 percent in the first seven months.

Source: Xinhua

2018/8/31 16:59:00

Previous:    China's manufacturing PMI beats expectations
        Next:    Hebei puts cap on steel capacity to fight pollution

Recent Related News
China's auto sales continue to fall in November--2018-12-11
Donald Trump's tariffs will cost Ford $1B, CEO Jim Hackett says--2018-10-31
Foreign firms cash in on China's manufacturing sector upgrades--2018-06-04
China's latest move on trade is a massive cut to car tariffs--2018-05-23
Vietnam's auto import falls in 4 months--2018-05-04
China working on "substantial" cut in auto tariffs: official--2018-04-28
Car production in Spain falls by 4 percent in February--2018-03-29
More policies expected to foster growth of green vehicles--2018-03-20
China's auto sales fall in February due to holiday--2018-03-15
China's auto sales post double-digit growth in January--2018-02-23
China plans to industrialize smart car technology--2018-01-23
China auto sales shrink in December, end year up 1.4 percent--2018-01-18

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener4fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•International Fastener Expo, Oct 30-Nov 1, 2018, Las Vegas, USA, Booth# 3761

•Korea Metal Week, Oct 30-Nov 2, 2018, South Korea

•wire India, Nov 27-29, 2018, Mumbai, India



Show Room



Offer Product

Latest News
• China's auto sales continue to fall in November

• China's industrial robot output up 8.7 pct in Jan-Oct

Buyers' Guide
Company News

• Yuxin Fastener System: Dedicated to Becoming the Leading Manufacturer of Anchors in China

• YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener