India Deal Puts China in GE's League

India Deal Puts China in GE's League

China is breaking into the top ranks of global power-equipment exporters with a $10 billion deal signed with India on Thursday.
By nabbing the deal with India, which is on an infrastructure spending spree, China poses a new competitive threat to established suppliers of technology such as General Electric Co., Siemens AG and Alstom SA.
China's new position is also evidence of a growing trend of emerging markets doing business among themselves, after years of focusing on trade with partners in developed nations. More at:

http://online.wsj.com/article/SB10001424052702304173704575579261842597870.html?KEYWORDS=%22power+plant%22+OR+%22megawatt%22

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