GE, which began business in China in 1906, is looking to keep pace with China's fast growth. Chairman and CEO Jeff Immelt, who this past weekend traveled to India with President Barack Obama looking to drum up work for U.S. businesses, said in a statement that China is the world's fastest-growing market for aviation, energy, transportation, health care and financial services.
The company based in Fairfield, Conn., has 36 wholly owned entities and joint ventures in China in manufacturing, service and research and development. It has 14,000 workers in China.
Tuesday, November 9
General Electric Co. plans to sink more than $2 billion into its efforts in China through 2012 as the conglomerate looks to build partnerships there.
I don't get it.