U.S. companies eye China's need for water infrastructure

U.S. companies are looking for ways to help China meet its water needs. China is a becoming a major player in the fast-growing, $483 billion global market for equipment to treat, recycle, pump and transport water — a market that is expected to grow. A.O. Smith Corp., for example, is supplying the country with water filtration systems. China currently ranks No. 3 in the world market for water infrastructure.