(MENAFN) Foreign automakers from all around the globe have no intention to back out from China's market anytime soon, a market that has brought them a lot of profit, regardless to the slowing sales affected by the slumping economy.
Meanwhile, while upholding their positive view of the market's potential in the medium-term, car manufacturers have had to make some adjustments. They have dropped their forecasts for sales growth in 2015.
This year the forecast is gloomy with analysts predicting a sales increase of around 3.0 percent as China's economic growth has slowed from 7.4 percent last year. Economists put China's first-half growth rate at around 6.3 percent.
Moreover, Japanese Toyota has revealed that it has seen around 11 percent of its global sales in China, plus at this stage it has not experienced any jolts from the country's stalling economy.
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