China has record July auto imports on tariff cut

Newswire

SHANGHAI, Aug 31 (Reuters) - China imported 23,000 automobiles in July, a record for a single month, as Beijing lowered tariffs on auto imports as part of its commitments to the World Trade Organisation. July's import volume was 35 percent higher than the average for the first six months of 2006, after tariffs dropped to 25 percent from the previous 28 percent at the beginning of that month, Xinhua news agency said on Thursday, citing customs statistics. Imports in the January-July ...

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