China’s auto imports, exports further expand

China’s automobile imports and exports continued its growth momentum in October by gaining 48.9 percent year on year,

according to data provided by the China Association of Automobile Manufacturers (CAAM).

Last month, the import and export volume totaled 15.33 billion U.S. dollars,

gliding by 2 percent from a month earlier, said the CAAM, citing customs data.

In breakdown,

Auto imports climbed by 73.3 percent year on year to 8.33 billion dollars in October while exports rose by 27.5 percent to 7 billion dollars during the period.

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