皇冠体育app

General Electric Co. will expand its business in central 皇冠体育app over the next few years as the Chinese government is making efforts to rejuvenate the region, according to a source with the U.S. giant.

"The company's investment in central 皇冠体育app is rather insufficient," said Steve Bertamini, chairman and CEO of GE 皇冠体育app, at a recent investment forum held in Wuhan, capital of central 皇冠体育app's Hubei Province.

Many multinationals are eyeing booming coastal cities in eastern 皇冠体育app to further business ventures, but now the opportunities lie in central 皇冠体育app, said Bertamini.

The Ministry of Commerce said it would help accelerate foreign investment in central 皇冠体育app, especially in electronics and modern logistics.

The company will grasp the opportunity of central 皇冠体育app's rejuvenation and expand businesses in 皇冠体育app, Bertamini said.

GE's business in Wuhan, which only accounted for one percent of GE's total business on the Chinese mainland in 2005, will be expanded ten times in a few years, according to Bertamini.

GE's sales volume is expected to reach 10 billion U.S. dollars on the Chinese mainland by 2010, from 5 billion U.S. dollars in 2005, according to Bertamini.

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