The move included the formation of two joint ventures – in avionics and locomotive engines; and the parties’ agreements to explore future cleaner coal gasification and high-speed rail opportunities.
The agreements encourage collaboration to advance clean technologies that address both long-term strategic challenges and economic opportunities for GE and China.
Jeff Immelt, chairman and CEO of GE said: “These agreements share common themes – rapid growth potential, clean technologies and job creation. Whether expanding our existing aviation, energy and transportation relationships or looking at technology collaborations to open up new growth opportunities, partnerships like these help protect and grow employment for both GE and China’s infrastructure sectors.
“New global sales will be a direct result of these collaborations – safeguarding and growing US jobs while supporting Chinese growth for GE businesses and the Chinese aviation, energy and transportation industries. These partnerships will also give GE the opportunity to strengthen our own local capabilities, enhancing our ability to serve our Chinese customers as that nation drives its technology initiatives.”
