TOKYO (Reuters) - Nissan Motor Co (7201.T) 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 (RENA.PA), 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.
“I‘m absolutely not worried about the potential of China in the mid- to long term, particularly in the auto industry.”
Reporting by Paul Ingrassia and Norihiko Shirouzu; Writing by Chang-Ran Kim; Editing by Shri Navaratnam