The economically booming Guangdong Province in south China, a motor vehicle manufacturing base, imported 1.13 billion U.S. dollars worth of auto parts in the first three quarters, a growth of 17.8 percent year-on-year.

Of the total, 1.04 billion U.S. dollars worth of auto parts, or 92.3 percent, was imported from Japan, up 17.3 percent, and 30 million U.S. dollars worth, from the European Union, up 36 percent.

The nine-month period saw Guangdong's imports of car automatic gear boxes went up 49.6 percent to 390 million U.S. dollars worth, or 34 percent of the province's total.

The robust growth of auto parts import were partly ascribed to expansion of motor vehicle production in Guangdong and a reduction of import duties from 12.9 percent-18.6 percent to 10 percent.

Increasing demand for auto parts for maintenance of imported vehicles also accounted for the import growth. Between January and September, China imported 165,000 motor vehicles, up 43.2 percent.

Source:佚名