Car imports fall 33.6%

Car imports fell 33.6% in the first six months of this year compared with the same period a year earlier due to low prices of domestic-made cars, increased domestic production, and the strength of the Euro, the South China Morning Post reported, citing Chinese government statistics. Despite lower import tariffs, the average price of an imported car in Guangdong was up 22.6% to US$40,000 and vehicles from the EU were up 11.6% to US$49,000.