Foreign carmakers still driven to invest in China

Foreign carmakers that raced into China to profit from what has become the world's biggest automobile market by volume have no intention of backing out despite slowing sales as the Chinese economy shifts down. 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, lower than the official 7.0 percent, according to a