GM vice president says China market continues to be strong

General Motors Corp's (GM) market in China continues to be strong even it is preparing for possible bankruptcy in the U.S., said Ray Yong, vice president and chief financial officer (CFO) of GM, the official Xinhua News reported.

Yong expressed his confidence in the growth of China's auto sector as well as the economy, adding that 2009 will be another record year for the Chinese auto sector and GM.

The largest U.S. automaker aims to double its annual sales in China to 2 million vehicles in five years and plans to introduce over 30 new or upgraded models to the country.

GM's China sales hit monthly record of 137,004 units in March, up 24.6% year on year, mainly boosted by the Chinese government's stimulus policies.