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CHINA> National
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China auto export slows down as demand falls
(Xinhua)
Updated: 2009-02-04 19:28 BEIJING -- China's export of autos, including auto parts and components, increased 21.6 percent to US$49.73 billion in 2008, but down 23.71 percentage points compared with the previous year, China Association of Automobile Manufacturers (CAAM) said here on Wednesday.
Total imports reached US$31.43 billion, up 20.96 percent year-on-year and showed "no obvious decline" compared with 2007, according to the CAAM.
China exported 680,700 cars last year, up 11.1 percent year on year. However, the growth rate tumbled 48.27 percentage points compared with the first half and 67.85 percentage points from 2007. Car exports kept declining for five consecutive months from August. China imported 410,100 cars worth of US$15.13 billion in 2008, up 30.53 percent by number and 41.65 percent in value from 2007. The growth was slightly down compared with the previous year, which was 37.9 percent by number and 45.3 percent in value. |
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