Reuters

(Reuters)

GE: China Business Expanding at Double-Digit Pace

Industrials Reuters

General Electric Co's China business is growing at a significant double-digit rate and this trend is expected to continue, said Vice-Chairman John Rice.

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"In China it is a bit of a different game now; we are doing more partnerships," Rice told the Asia Financial Forum in Hong Kong.

He said General Electric had about 30 joint ventures in China and these were taking a little longer to mature so might fall outside of the short-term payback. (Reporting by Farah Master in Hong Kong; Editing by Chris Lewis)

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