Getting Harder to Do Business in China, Complains GE Chief

General Electric Co. Chief Executive Jeffrey Immelt complains it is getting more difficult for multinational companies to operate a business in China.


Quoting a person who heard Immelt make the remark at a private dinner for Italian businesses, the Wall Street Journal says the remarks show a mounting "irritation with China."


The Journal notes that when GE opened a technology center in Shanghai in 2008, Immelt expected to double its business in China to $10 billion by 2010. But it appears the company may not reach that goal, with China revenue reaching only $5.3 billion in 2009, up from $4.7 billion in 2008.

Despite Immelt's remarks, the company has declared that its strategy for China remains the same.

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern