Gree Electric Sees 2011 Sales Over 80 Billion Yuan, Dong Says

Gree Electric Appliances Inc., China’s largest home air conditioner maker, has raised revenue by at least one-third in 2011 as it sells aggressively in rural China, a senior executive said. Gree Electric, which also manufactures air conditioners for overseas companies including Daikin Industries Ltd., will report revenue of greater than 80 billion yuan ($12.6 Billio...