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China's auto imports soaring by 80 pct in first five months

UPDATED: 09:18, June 13, 2006
China's auto imports soaring by 80 pct in first five months

China imported 87,000 motor vehicles in the first five months of 2006, a year-on-year increase of 80 percent, according to a news release from the General Administration of Customs (GAC).

The country's imports of motor vehicles was 15,000 in May, a drop of 28.6 percent from April.

China's imports of machinery and electronic products in the first five months jumped 28 percent to 160.91 billion U.S. dollars, while the import of steel products dropped by 27.6 percent to 7.74 million tons.

Exports of machinery and electronic products grew 31.6 percent to reach 199.43 billion U.S. dollars in the first five months of this year, making up 57.4 percent of the country's total exports.

The export of high-tech products came to 101.26 billion U.S. dollars, up 33.1 percent.

The export of clothing was up 27.3 percent to 31.04 billion dollars, and that of other textile products rose 20.1 percent to 18.61 billion dollars.

Exports of crude oil dropped by 6.6 percent to 2.52 million tons and exports of processed oil dropped by 17.2 percent to 5.29 million tons.

Source: Xinhua