The Wall Street Journal: Mongolian Wind Farm to Use GE Turbines

General Electric Co. is sticking to expectations that its revenue from the world’s fastest-expanding economies, including many in Asia, will grow at low-double-digit rates on average next year despite economic clouds over western Europe and the U.S. “We see growth in the low teens and we feel comfortable about that,” said John Rice, GE vice chairman, speaking about the emerging markets under his watch as chief executive of GE’s global growth and operations business. “We’ve seen no significant change in order flow. We’ve seen no big cancellations.” Mr. Rice said China remains on track to beat GE’s global revenue growth averages. He cited energy, health and aviation as “three businesses that do extremely well in China.” He also spoke confidently about resource-rich Mongolia, a fast-growing north Asian economy that he said could soon generate as much as $100 million in revenue for the Fairfield, Conn., conglomerate. To read the full article, click hereMongolian Wind Farm to Use GE Turbines

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