China Trade Information

The country’s fixed-asset investment expanded 27.3 percent in the first seven months from a year ago, a sign that robust domestic demand is helping the nation to cope with weakening exports.

Spending on fixed assets such as plants, bridges and roads amounted to 7.22 trillion yuan ($1 trillion) by the end of last month, the National Bureau of Statistics said. The growth was faster than the 26.8 percent rise for the first half of the year.
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China Industry News cited Mr Liu Jianzhong deputy GM of Shanxi Coking Coal Group Co Ltd as saying that “Coking coal price will keep rising in the second half of this year. In 2009 the price will stay at a high level yet with some fluctuations since tight global supply will be relieved.”

Mr Huang Jingan chairman of China Coking Industry Association said that as a major coke consumer, steel industry has shouldered rising costs for coke and iron ore in recent two years, but it is getting more difficult for the industry to pass on the high costs to downstream industries in the second half and the pressure may turn back to affect coke and coking coal industries in the future.
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China’s power generation growth in July eased further from June to its lowest pace in over six years, official data showed on Thursday, indicating deepening supply woes that have forced nearly half the nation to ration power.

The world’s second-largest electricity user generated 319.54 billion kilowatt hours (kwh) of power last month, 8.1 percent more than a year earlier, data from the National Bureau of Statistics showed. In June, power generation increased 8.3 percent from a year earlier.
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Dealers of imported luxury cars with big engine capacities are halting their sales and seeking higher prices before the passenger car tax rise is to finally start on Sept. 1, locally based paper Beijing Times reports.

An analyst with China Automobile Trading Co., Ltd said the import price of cars with engine capacities of 3 to 4 liters would be increased by 13 percent, and 33 percent for those above 4 liters, as a result of the new tax, brought in to promote oil-friendly cars and reduce oil consumption.
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Part of China-made Audi cars at a large displacement range are said to have planned to cease production, because the Chinese government will raise excise tax rates of large-size passenger cars, according to top executives of FAW-Volkswagen Automotive Co., Ltd.

The plan includes 3.2L Audi A6L, the top executives disclosed. It will have a big impact on Audi A8L cars, which are considered to be partially imported (for instance, above 3.0L Audi cars). In addition, 2.8L Audi A8L would be likely to be no more imported.
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The rapid growth in Chinese sales of sedans, SUVs and light trucks slowed sharply in July as sales rose just 6.8 percent over the same month of 2007, the lowest monthly expansion rate in two years, an industry group reported Friday.

Sales of sedans rose by just 1.6 percent, according to the China Association of Automobile Manufacturers.
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