The Chinese car market still offers huge growth and potential, the CEO of Renault Nissan has told CNBC , despite China Premier Li Keqiang telling global leaders that the world's second largest economy is set to shift into a lower gear.
At a keynote speech at the World Economic Forum in Davos, the Chinese leader said that the economy had now entered a "new normal" and suggested that annual gross domestic product (GDP) figures would now be closer to 7 percent, rather than the double-digits seen in previous years.
Li's comments could naturally lead to caution for some multinationals but Carlos Ghosn, the CEO of the Renault Nissan alliance told CNBC Thursday that he was upbeat on China's economy.
"It's not a surprise for us," he said at the Davos event. "We never fault China would grow double-digit forever."