General Motors Corp has cut back its China sales growth forecast due to weakening stock markets and high fuel prices, the Wall Street Journal reported.
GM Asia-Pacific president Nick Reilly expects sales growth in China this year of between 11 pct and 12 pct, down from the 12-15 pct growth projected in March.
However, Reilly said he expects China's auto market to maintain 10-15 pct growth after this year for the next five years.
"I'm very confident that the medium- to long-term (outlook) of the Chinese car market is still very strong," he said.
GM's China sales rose 18.5 pct to 1.03 mln units in 2007.
