SINGAPORE ¨C Senior executives from Starbucks Corp. to Nissan Motor Co. and SAP SE are playing down concerns about China¡¯s slowdown and further potential depreciation of the yuan, with plans to sell more coffee, cars and software in the world¡¯s second-biggest economy.
¡°When you look at the fundamentals, there is nothing wrong with the development of the Chinese economy,¡± Nissan Chief Executive Officer Carlos Ghosn said in an interview in Detroit. ¡°Particularly for the car industry, I look at China as having a very low level of motorization, still.¡±
Vehicle ownership in China is at about 100 cars per 1,000 residents, far below levels in the U.S. and Europe, and ¡°it¡¯s not going to stay there,¡± said Ghosn.
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