SAIC Motor H1 net falls 26 pct, but outlook upbeat

SHANGHAI Aug 26 (Reuters) - SAIC Motor Corp (600104.SS), China's biggest automaker, posted a 26.4 percent fall in first half attributable net profit on Wednesday on provisions for its loss-making South Korean unit, but remained bullish for the rest of the year due to Beijing's policies designed to boost consumer spending.

SAIC, which runs vehicle manufacturing ventures with General Motors [GM.UL] and Volkswagen (VOWG.DE), said it earned 1.45 billion yuan ($212 million) during the six-month period, falling far short of an average forecast of 2.95 billion yuan from 4 analysts polled by Reuters.

It said it made a 1.18 billion yuan provision for possible long-term investment loss for the South Korean unit. (Reporting by Fang Yan and Jacqueline Wong)