Will GE Double its Presence in This Market?

General Electric (NYSE:GE) vice-chairman John Rice, who runs the company’s global operations out of Hong Kong, says GE will “buy more, sell more and make more” in China.

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Speaking at an American Chamber of Commerce event, he said GE, in the course of the next five years, may double its number of joint ventures in China from the present 28.

GE is the largest among conglomerates in the U.S. and makes electric turbines, medical equipment, water-purification systems and other infrastructural equipment suitable for the emerging countries.

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