GE takes partnership route for long-term gains

Technology and commercial partnerships between US businesses and Chinese enterprises can benefit both nations, said Mark Hutchinson, president and chief executive officer of General Electric Co (GE) China.

According to Hutchinson, such partnerships will help create jobs, spur innovation and expand markets for both nations.

GE, the world's biggest maker of power generation equipment and aircraft engines, entered China as early as 1906. It has 50 legal entities, including wholly owned companies, joint ventures and research and development (R&D) centers in China with more than 18,000 employees.