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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: GM says 2008 China sales growth slowed to 6.1 percent AFP - Tuesday, January 6 SHANGHAI (AFP) - - US auto giant General Motors said Monday its sales growth in China slowed to 6.1 percent in 2008, less than a third of the rate seen the previous year as the economic slowdown affected demand. GM and its joint ventures sold more than 1.09 million vehicles in China in 2008, its biggest market outside the US, the company said in a statement. The 2008 growth figure was down significantly from 2007's 18.5 percent increase over the previous year. "A series of natural disasters and an increase in fuel prices earlier in the year exacerbated the impact of the global economic downturn in China," Kevin Wale, president and managing director of GM China Group said in a statement. China's auto sales fell 14.6 percent in November from the same month a year earlier, according to industry association figures. China's economy is under huge pressure due to the global economic crisis, with overall growth in the third quarter at nine percent, the lowest in more than five years. The World Bank has forecast that growth in the Chinese economy will slow to 7.5 percent in 2009, a level not seen for 19 years. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy IPOs in China to jump 47 percent in 2009: accounting firmAFP - 1 hour 13 minutes ago China to boost low-price housing, says officialAFP - 2 hours 1 minute ago Australian business confidence hits record lows: surveyAFP - 2 hours 29 minutes ago SKorea unveils 'Green New Deals' to kick-start economyAFP - 2 hours 36 minutes ago Related Articles: Business JFE wants iron ore prices to fall to 07/08 levelsReuters - 19 minutes ago SNAPSHOT - Financial Crisis - 0715 GMTReuters - 27 minutes ago Japan business lobby sees '09 dlr range of 95-105 yenReuters - 27 minutes ago NEW ISSUE-IRFC invites bids for 7 bln rupees of bondsReuters - 27 minutes ago Indian cash rates steady on surplus cash with banksReuters - 31 minutes ago Enlarge Photo GM says 2008 China sales growth slowed to 6.1 percent Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Steve Jobs has "hormone imbalance," to stay on as Apple CEO Jett Travolta died of 'seizure': Bahamas officials Israeli army moves on Gaza City as war toll passes 510 Pink iguanas discovered on Galapagos Islands Milky Way spins faster, has more mass than thought: astronomers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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