Shanghai, September 24 (Gasgoo.com) General Motors does not expect a sharp slowdown in demand in China's auto market from potential changes in government policy, its China chief said today, Reuters reported.
"The Chinese government is fully aware of the danger of a sharp reduction in market demand if policies are changed unilaterally without properly understanding market implications," said Kevin Wale, president and managing director, GM China.
"We are confident that the policies that the government will follow will ensure that there is not a sharp decline in general," he told reporters, but added that some modifications should be made to policy to ensure a steady pace of growth next year.
Last month, GM's sales in China, its second-biggest market after the U.S., jumped 112.7% year on year to 152,365 vehicles, paving the way for a more than 40% rise in sales for the full year.
In the first eight months of the year, the U.S. auto giant sold 1.11 million vehicles in the Chinese market, up 49.6% from a year earlier.
