China's auto imports, exports further recover in August

China's automobile imports and exports continued to rebound in August by gaining 9.2 percent month on month, according to data provided by the China Association of Automobile Manufacturers.

Last month, the import and export volume totaled US$13.48 billion, up 4.1 percent year on year, said the CAAM, citing customs data.

Month on month, auto imports climbed 10.6 percent to US$7.11 billion in August while exports rose 7.6 percent to US$6.37 billion during the period.

In the first eight months of the year, auto imports and exports totaled US$87.39 billion, down 16.3 percent year on year but narrowing from the January-July decrease, said the CAAM.

China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising 4.4 percent year on year. This ended a contraction streak over the previous 21 months, according to CAAM.