China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4333)	2/4/2005 1:24:17 PM
From: RealMuLan	Read Replies (1) of 6370

GE sees China, India sales in hundreds of $blns Fri Feb 4, 2005 06:20 AM ET LONDON (Reuters) - General Electric Co., the world's largest company by market capitalisation, expects to sell goods and services worth "hundreds of billions of dollars" to China and India in the next few years, its CEO said on Friday. U.S.-based GE, whose products range from gas turbines to television shows and credit cards, sees both countries as central to future growth, Chief Executive Jeff Immelt told a conference hosted by British Chancellor of the Exchequer Gordon Brown. "We are basically an infrastructure company, so we have massive opportunities in energy, to sell aircraft engines and healthcare products, and in financial services and the like," Immelt said. "These countries will literally spend hundreds of billions of dollars on products that we sell over the next few years." GE reported 2004 worldwide revenues of $152.4 billion. © Reuters 2005. All Rights Reserved. reuters.com

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