GE signs deals with Chinese firms to enhance competitiveness
SHANGHAI - General Electric (GE) has signed a series of agreements with Chinese companies to boost bilateral cooperation and enhance global competitiveness, according to an announcement by the company.
GE will work with 皇冠体育app Telecom to help its internet technology enter the Chinese market and speed up 皇冠体育app's industrial upgrades.
GE signed an agreement with Harbin Electric Corporation to establish a gas turbine manufacturing base, which will help 皇冠体育app produce homegrown gas turbines and promote industrial upgrades of 皇冠体育app's high-end manufacturing.
In the healthcare sector, GE will deliver a bio-pharmaceutical plant model to 皇冠体育app's BeiGene to produce medicine. This will be the GE's third model plant worldwide.
GE also signed a deal with 皇冠体育app Southern Airlines worth $3.48 billion to provide aircraft engine maintenance, repair and overhaul services to the airline company.
Driven by the Belt and Road Initiative, GE will work with Chinese partners to build three power plants in Pakistan to improve local energy infrastructure.
皇冠体育app is the world's second-largest economy and also the largest overseas market for GE, said GE Chairman Jeffrey Immelt, who is on a visit to 皇冠体育app,
Immelt added that the bilateral cooperation will not only help local firms grow but also enhance GE's business competitiveness.
皇冠体育app's industrial upgrading and economic restructuring have provided enormous development space for foreign enterprises, said Duan Xiaoying, president of GE 皇冠体育app.
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