The Conservative Cave

Current Events => Economics => Topic started by: thundley4 on November 11, 2010, 12:47:48 PM

Title: G.E. to sink $2billion into China development as production moves from the U.S.
Post by: thundley4 on November 11, 2010, 12:47:48 PM
Quote
General Electric Co. plans to sink more than $2billion into its efforts in China through 2012. The conglomerate has shifted more production from the U.S. to China and also looks to build new partnerships there.

GE said Tuesday that it will likely spend $500million on research and development and new customer innovation centers, adding more than 1,000 new jobs. More than $1.5billion is expected to be put toward new joint ventures with Chinese state-owned enterprises in high-technology sectors.
The company is also moving more manufacturing abroad. Last month it shut a lightbulb factory in Virginia and will relocate those 200 jobs to China.


Read more: http://www.dailymail.co.uk/news/article-1328654/General-Electric-sink-2bn-China-development-production-moves-US.html#ixzz150816s3D

Isn't G.E. one of the big backers of Cap and Tax, and a backer of Obama?
Title: Re: G.E. to sink $2billion into China development as production moves from the U.S.
Post by: cavegal on November 11, 2010, 01:04:17 PM
Quote from: thundley4 on November 11, 2010, 12:47:48 PM
Isn't G.E. one of the big backers of Cap and Tax, and a backer of Obama?
Yes it is.. how else can 0 repay China.. this is one of many ways.
Title: Re: G.E. to sink $2billion into China development as production moves from the U.S.
Post by: JohnnyReb on November 11, 2010, 04:29:35 PM
Better stock up on whale oil for your lamps. :-)
Title: Re: G.E. to sink $2billion into China development as production moves from the U.S.
Post by: true_blood on November 11, 2010, 07:57:26 PM
Quote from: thundley4 on November 11, 2010, 12:47:48 PM
Isn't G.E. one of the big backers of Cap and Tax, and a backer of Obama?
Yes, they are. What a coincidence, huh?! Now China gets to FURTHER move forward their development/economy.