FRENCH carmaker Renault is unconcerned with a slowdown in the Chinese economy hitting sales in the country, chief executive Carlos Ghosn said in an interview published Sunday.
Ghosn said Renault is selling 30,000 cars a year in China ahead of the launch of a factory in the country next year.
Recent data from China has raised the chances that third-quarter economic growth may dip below 7 percent for the first time since the global crisis.
“If there is one carmaker that is not worried about the situation in China then it’s us,” Ghosn told the Journal du Dimanche ahead of the opening of the Frankfurt car show today.
“There’s one advantage with China. When the government decides to do something, it does it. When it decides to relaunch the economy, you know that it’s going to go all out to do it.”
Ghosn also said that economic slumps in Brazil and China did not call into question the group’s strategy of building up big presences in emerging markets.
(SD-Agencies)
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