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"From there it expanded to Spring Hill when General Motors opened a Saturn plant in the 1990s, and recently we had Volkswagen open a plant in Chattanooga," he said.

"Globalization brings more challenges for Chinese domestic companies than before," he said. "It is normal and inevitable. The point is how we prepare for that."

"Fundamentally, there is still a strong demand," McQuade said.

"Fiscal expansions and monetary contractions strengthen currencies," said Jason Furman, a professor at the Harvard Kennedy School and former chairman of the White House Council of Economic Advisers, adding America's currency has strengthened by an average of more than 7 percent against those of its trading partners since April.

"Geely is highly advanced and has huge research and development funds up to billions (of US dollars) a year, apart from having large markets for its vehicles," Najib told hundreds of DRB-Hicom employees, adding Geely also owns the Swedish car brand Volvo and a 10 percent stake in German carmaker Mercedes Benz.