China auto imports more than double in Jan-July

Newswire

SHANGHAI, Aug 23 (Reuters) - China's imports of automotive vehicles and components more than doubled in the first seven months of 2003 as the auto industry raced to meet the growing demand of a ballooning middle class. Automotive imports jumped 109.2 percent year-on-year to $8.19 billion in the year through July. Parts and components imports were worth $5.21 billion over the same period, Xinhua news agency reported on Saturday. The rise included 105,298 vehicles, a year-on-year rise of ...

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