China’s gas turbine makers are moving to make a global splash. Is Malaysia the first stop?

In the latest milestone for China’s heavy-duty gas turbine manufacturers, Shanghai Electric has secured a turnkey contract to deliver equipment to a power plant in Malaysia, giving it a foothold in a market dominated by established foreign players amid a global supply crunch. The state-owned conglomerate, based in the Chinese financial centre, hailed the deal reached earlier this month as evidence of the competitiveness of its integrated solutions and its capacity to design and manufacture...