Tianjin Port reports soaring auto imports

• Source: Xinhua
• [08:30 March 05 2010]
• Comments

China's major auto import customs center in Tianjin Municipality has reported a strong increase in auto imports this year.

Customs statistics show January imports to the port hit 24,000 vehicles with a total value of $820 million. Both figures represented a year-on-year jump of 120 percent.

Tianjin's customs handle about half of China's total auto imports.

The customs figures indicated 73.4 percent of the imports were from the European Union and Japan. Among the total, 14,000 vehicles were imported by foreign-funded firms in China.