CHINA: Car parts imports to breach $US10 billion barrier in 2003 - report

CHINA: Car parts imports to breach $US10 billion barrier in 2003 – report

China's Department of Import and Export of Electromechanical Products under the Ministry of Commerce has announced an estimate that China will import over $US10 billion worth of automobile parts in 2003 - the first time the figure has surpassed the $10 billion mark, Access Asia reported.

bcusack August 29, 2003

China’s Department of Import and Export of Electromechanical Products under the Ministry of Commerce has announced an estimate that China will import over $US10 billion worth of automobile parts in 2003 – the first time the figure has surpassed the $10 billion mark, Access Asia reported.

Between January and July this year, imports of automobile parts, and spare parts totalled $8.189 billion, an increase of 109.2% over the same period in 2002.