China Finance Centre Increases SAQ Rating of of CHINA AUTOMOTIVE SYS (NasdaqCM:CAAS)

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 14, 2007 -- CHINA FINANCE CENTRE, the New York based multimedia and trade exposition center expanding business ties between China and the United States, has announced that it has increased its SAQ Ratings of CHINA AUTOMOTIVE SYS (NasdaqCM:CAAS) to 6.7. The SAQ Ratings are set by editors of China Business Watch, the CFC publication that rates the performance of China based companies. An SAQ Rating of 6.0 or higher identifies s stock as a leading performer among companies located or with significant operations in China.

Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through seven Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles.

The company reported yesterday that its second-quarter profit more than tripled on strong product sales. Net income reached $2.5 million, or 10 cents per share, compared with $751,636, or 3 cents per share, in the previous year. Revenue for the quarter rose 47 percent to $36.3 million versus $24.8 million in the prior year.

The Statistical Analysis Quotient Rating (SAQ) Service is an exclusive feature of China Finance Centre that monitors the performance of over 300 stocks of companies with operations in China. The SAQ Report tracks and rates the stocks against a matrix of comparative performance factors, including fundamentals, technical analysis, liquidity, safety, regulatory compliance and timely filings, shareholder relations, and U.S. Trading Market Qualifications. The SAQ rates company performance on a 1-10 scale. SAQ Ratings are published weekly in China Business Watch and updated daily in CBW Daily Ratings Alert service. The ratings and publications can be found at the CFC Web Portal- www.chinafc.net.