BEIJING:
Such
a
venture
with
a
local
player
would
help
Siemens
compete
in
the
crowded
but
booming
Chinese
wind
market.
China
is
the
fastest-growing
wind-power
market
globally,
doubling
its
installed
capacity
in
each
of
the
past
four
years
to
12.2
gigawatts
(GW)
in
2008.
Beijing
is
expected
to
raise
its
wind-
power
target
to
150GW
by
2020.
Siemens
already
has
joint
ventures
in
steam
turbines
with
Shanghai
Electric,
a
big
power-
equipment
company
that
started
manufacturing
wind
turbines
last
year,
and
says
it
wants
10bn
yuan
($1.5bn)
sales
from
the
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