Air conditioner maker Gree sets lofty sales goal

Gree Group, China's largest maker of domestic air conditioners, has set an ambitious sales target for the years ahead, even amid the sluggish demand due to the global financial crisis.

Dong Mingzhu, president of Gree Group, said the company's sales are expected to reach 200 billion yuan ($32 billion) by 2015, after its sales surpassed 100 billion yuan last year.

"There was a downturn in global demand for Chinese electronic appliances last year. But we've achieved our sales target thanks to strengthened technology research in the last few years," Dong told China Daily during the annual session of the National People's Congress.