Gasgoo.com (Shanghai October 28) - China imported 712,000 vehicles in the third quarter of this year, Caijing reported today. The statistics, which come from China Automobile Trading and market solution firm Sinotrust, show that imports in the quarter were 26.6 percent higher than last year. At the same time, 612,000 imports have been registered, 30.2 percent higher than the year before.
Nov. 1 , 2011Gasgoo.com (Shanghai October 28) - "With this year's macroeconomic tightening, several own brand enterprises are seeing their profit drop severely," Assistant Secretary of the China Passenger Car Association Cui Dongshu said in an interview with Caijing today. Mr. Cui added that appreciated of the yuan is helping joint ventures gain a competitive advantage in the market, while costs for imported auto parts have decreased.
Oct. 30 , 2011