GE to sign slew of China deals

[katty]

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GE to sign slew of China deals
By Ed Crooks in New York

Published: January 18 2011 21:38 | Last updated: January 18 2011 21:38

General Electric, the largest US industrial group, is signing a series of deals with China this week in energy, rail and aviation as it drives to improve its disappointing performance in the Chinese market.

GE says the announcements reflect the promise by Jeff Immelt, chief executive, that its collaborations with Chinese companies would create global sales and safeguard US jobs.

The latest deals, announced as Hu Jintao, China’s president, visits the US this week, could be worth $4bn-plus in sales and are expected to “support and create” about 4,700 US jobs.

[Vinnie From Indy]

1. "safeguard US jobs"

LOL! Really? Does anyone really believe that Immelt gives a shit about American jobs if that means less profit for GE? Also, is it not now clear that China's strategy in regard to business is to "partner" with western companies and then steal their technology and compete with them within a few years?

[Cali_Democrat]

2. The deals will create 4,700 jobs?

Well one factory in China, Foxconn, created just over 300,000 jobs last year. The entire US economy created about 900,000 private sector jobs last year.

Also, we aren't even close to keeping up with population growth so the employment situation in the US is actually worsening even though jobs are being added.

China is laughing at us.

[valerief]

3. No, I think they pity us. nt

[Name removed]

4. Deleted message

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[katty]

5. boot at the throat and one up the ass

[Auggie]

6. Create jobs -- bullshit!

It's about profit. Period.