UNDERDEVELOPED ECONOMIES ASSEMBLE PARTS:

GM Says it is Profitable in China (Agence France-Presse, Nov. 12, 2008)

General Motors said on Nov. 12 that it was making money in China and was continuing its investments in the large Asian market. "We are continuing our investment in China and actually we are very profitable in China," said Henry Wong, a Shanghai-based spokesman.

He said that various investment projects GM had committed itself to in the past were "all on target and on track." These included expansion projects for existing plants in the cities of Qingdao and Yantai, both in east China's Shandong province, he said. "We are not withdrawing or holding back any investment in China."