Growth in China's auto import, export to slow further down

01/05/2009 (2 h 44 m ago)

Shrinking demand at home and abroad will drive China's import and export of motor vehicles further down as the impact from the financial crisis lingers, the General Administration of Customs said Monday.

In the first 11 months of 2008, China bought 373,000 motor vehicles from abroad, a growth of 35.6 percent on the same period of 2007. The arrivals were valued at 13.87 billion U.S. dollars, up 45 percent, the customs administration said.

But the auto arrivals were 33,000 units in ...

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