The hottest GE has enough confidence in China's in

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GE has enough confidence in China's investment environment.

Jeff Immelt, chairman and CEO of General Electric Company (GE), once had concerns about possible trade protectionism in China. Now, he plans to prove his confidence in the Chinese market

yesterday, Immelt said in Beijing that GE would invest more than US $2billion in China within three years, and would install the machine head in the following order for R & D and establish a new joint venture

as Immelt has been exposed complaining that foreign-funded enterprises are discriminated against in China, the media has been chasing down how he views China's investment environment

in this regard, Immelt's table includes fields that focus on raw materials and low-cost raw materials competition, high profit or high growth fields, and fields that enter major markets through globalization and localization. There is no doubt that we are popular in China

1000 new researchers in China

Immelt, who has visited China more than 40 times, may come to China far more often than his European and American counterparts. This time, he hopes to catch the ride of the 12th Five Year Plan

I learned that in China's 12th Five Year Plan, the importance of strengthening the development of areas outside the central cities was mentioned, and the construction of clean energy and medical treatment was emphasized, which was in line with our development strategy. Our strategy in China is long-term. He said

according to Immelt, the $2billion capital increase in China includes $500million in three years to build R & D centers in China and 1000 new scientific researchers. Our research and development in China is aimed at the needs of Chinese consumers, but its purpose is not limited to China. We can also sell it to the United States, Japan and other markets

in the past 10 years, GE's total investment in science and technology in China was only $1billion. In addition, more than $1.5 billion will be used to establish new cooperative companies in China to better achieve localization

China has become the umbilical cord of Ge

Immelt once called China, which brings rich returns to Ge, the second hometown of Ge. However, since this year, his remarks on China's investment environment have frequently caused disturbances

Immelt did not shy away from this period of history. I did worry about global protectionism, not only in China, which takes independent innovation as a national policy, but also in other countries such as the United States and Japan. Compared with carbon fiber composites, the safety precautions of pressure blasting testing machines in the United States and Japan may also exist. Protectionism will not bring any benefits

However, Immelt said that Premier Wen Jiabao's exposition of China's foreign investment policy at the Tianjin Davos Forum dispelled his concerns

in fact, due to the impact of the financial crisis, GE's global sales fell by 14% in 2009, but China's revenue of $5.3 billion, up 14% year-on-year, has become the biggest highlight of GE's performance, which has already raised the position of the Chinese market in GE's territory

we are popular in China. Expanding business in China will create jobs not only for China, but also for the United States. He said

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