Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Nissan CEO Ghosn: sees China economic slowdown as temporary

Published 10/27/2015, 10:44 PM
Updated 10/27/2015, 10:50 PM
© Reuters. Ghosn, CEO of the Renault-Nissan Alliance speaks in front of Nissan IDS concept car during a presentation at the 44th Tokyo Motor Show in Tokyo
RENA
-
7201
-

TOKYO (Reuters) - Nissan Motor Co (T:7201) Chief Executive Carlos Ghosn said on Wednesday he was not worried about the longer-term potential of the Chinese economy, characterizing the recent slowdown as a temporary correction.

"I think this is a temporary slowdown," Ghosn, who also heads Nissan's French partner, Renault SA (PA:RENA), told Reuters at the Tokyo Motor Show when asked about the world's second-biggest economy.

"The economy in China has been growing so fast, from time to time it needs a period to retune. That's what's taking place today," he said in an interview.

© Reuters. Ghosn, CEO of the Renault-Nissan Alliance speaks in front of Nissan IDS concept car during a presentation at the 44th Tokyo Motor Show in Tokyo

"I'm absolutely not worried about the potential of China in the mid- to long term, particularly in the auto industry."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.