Tianjin, China’s Automobile Imports Increase

Xinhuanet reported that, in January and February 2008, 25,400 automobiles have been imported through Tianjin Port, worth 890 million US dollars. China Customs statistics reveal that imports in these two months increased 1.2 times and 1.3 times, respectively, over the same period last year.

Tianjin Port’s automobile import growth is a result of the gradual implementation of the national automobile import policy. In recent years, the Chinese government has promulgated policies related to automobile imports, including import license registration, Administration of Automobile Brand Sales Implementing Procedures, Landed Duty Paid, automobile consumption tax adjustments and tariff adjustments. Along with these implemented policies, policies related to car imports are being implemented, car import policies are stabilizing, and the number of imported cars are growing; new automotive administration procedures will be implemented, according to the Tianjin Customs District.

Source: People’s Daily Online

Japanese Exporters may want to see what is happening over in your neighbor’s land. China has been increasing its consumption at huge rates and more Chinese will be looking for affordable cars soon.

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