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GM exec sees China car market growing 10% next year
(Agencies)
Updated: 2009-10-29 13:57

General Motors Co expects China's car market to grow by around 10 percent next year even without government incentives and maintain its position as the world's top car market for a long time, a senior executive said.

China's industry-wide car sales in 2010 are expected to grow to over 13 million vehicles from an expected 12.5 million this year, GM International Operations President Nick Reilly told reporters late on Wednesday.

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"There is underlying growth in that market without government incentives. It's already going to grow anyway, maybe 10 percent, and there are incentives on top of that. I'd expect even if incentives come off, it will grow 10 percent per year," Reilly said.

China's government may not scrap all stimulus measures to boost car demand at once, he added.

 


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