The impact of GM's bankruptcy protection filing in New York, is expected to have little impact on its operations in China.
Insiders say the effect will be small as GM's overseas companies are registered independently and enjoy full autonomy. In its two major joint ventures in China, GM only owns 50 percent of Shanghai GM and 34 percent of SGMW. In addition, vehicle sales have continued to grow, rising in the first five months of 2009 by 33 percent compared to the same time last year. May set a record for sales with 156 thousand vehicles, 75 percent higher than that of last year.
(CCTV June 3, 2009)
