The Rising Influence of Rising Affluence

[DewDiligence]

WSJ interviews GE’s head of China operations:

http://www.wsj.com/articles/china-crackdown-set-to-benefit-ge-1419784222

In her new position, Ms. Duan, 44 years old, oversees the industrial conglomerate’s portfolio of fast-growing China operations, ranging from airline engines to energy infrastructure. She also continues to head GE’s health-care business in China, which makes equipment including body scanners and ultrasound machines.

Ms. Duan talked to The Wall Street Journal about how GE is adapting to a new era of growth and why the company is poised to benefit from the Chinese government’s crackdown on corruption.

Ms. Duan: China is going through some fundamental changes. The next decade or two or three will be very different. If you look at some of the challenges the country is facing, they’re very much lined up with where GE’s core competencies are.

Energy demand is going to continue to increase. Urbanization is going to continue. There will be more roads and more airports. There are definitely more people aging. Quality and affordable health care will be a big priority for the government.

The point here is that, our portfolio and our technologies, they are a good fit.