GE boss sees substantial China role for company

[dArKeR]

General Electric chief executive Jeff Immelt said yesterday that the world's biggest industrial conglomerate is "extremely healthy" and forecast China will become a key strategic pillar with revenues of US$3 billion this year.

"Because the trajectory is close to 30 percent ... if you take where China is investing money it matches pretty well with what GE does," Immelt said at the opening of GE's US$64 million China Technology Center, a research and development facility.

He said that as China builds up major power and infrastructure projects, the country will become increasingly important for GE in the face of declining opportunities in developed Western markets.

http://www.taipeitimes.com/News/worldbiz/archives/2003/10/24/2003073169

[hedda_foil]

1. How patriotic of GE.

Bringing WWIII to life.