General Electric (GE) chief Jeffrey Immelt is banking on the likes of China and India to help the company overcome an impending slowdown in the US economy. Speaking to the Financial Times, Immelt said that there is still a lot of liquidity in the world as a whole, despite the recent credit squeeze. He expects GE's non-US sales to expand by 10-15% annually over the next few years, noting that sales growth in emerging markets such as China and India stands at 20% per year. Immelt also said it was important to appreciate the potential power of state-run bodies making acquisitions through sovereign wealth funds. "Even in the US, if we assume there will be some slowing of the economy, the likelihood is that demand for the kinds of infrastructure-related items that we sell, such as medical scanners and power systems, will stay quite high," he explained.