Ok, so the facts. Remember, that the Teleprompter in Chief made Jeff Immelt the HEAD of his Jobs Council and here HE is moving his unit from the U.S. to China. This is the thanks you get from a company that paid a 0% tax rate last year AND employs a staff of 850 people in their tax unit to achieve this goal. America is NOT capitalist. It is run by an oligopoly of corporate interests that OWN the political process. GE is a key cancer in this. The big banks are of course the worst.
GE Bases X-Ray Unit in China. – WSJ
BEIJING (Dow Jones)–General Electric Co. (GE) is moving its X-ray business headquarters to China to take advantage of the growing market for health care devices there, it said Monday.
“This is GE’s commitment to optimizing and growing its business in China,” Anne LeGrand, vice president and general manager of GE Healthcare Global X-Ray, told a news briefing in Beijing.
GE’s health business, known largely for its diagnostic equipment such as CT scans and magnetic-resonance imaging machines, has been increasingly focusing on growth from emerging markets, such as China and India, where governments are heightening efforts to improve the quality of their health care systems.