GE remains bullish about China despite economic slowdown

General Electric (GE) expects that China will be "a good source of growth" in 2014 despite increasing concerns about the country's economy, CFO Jeff Bornstein says.

GE forecast that it will "grow faster than the Chinese economy," as it serves markets that are priorities for the government.

Bornstein's optimism also comes despite GE's industrial sales in China slowing to 7% in 2013 from 20% in 2012, while orders slumped 33% in Q1.

Other companies are also confident about their prospects in China, including Honeywell and DuPont.

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Comments (4)
  • GR-Geo
    , contributor
    Comments (26) | Send Message
    I am always amazed when I read articles that pinpoint the "problems" China has with 7% growth rate!
    7% is huge...
    And from what I see GE agrees with me. :)
    20 Apr 2014, 04:36 AM Reply Like
  • june1234
    , contributor
    Comments (4504) | Send Message
    7% is huge so is a drop from 20 to 7% and a 33% drop in new orders. As with all China data its data from China .
    20 Apr 2014, 06:29 AM Reply Like
  • Patent News
    , contributor
    Comments (1475) | Send Message
    Europe is more of an issue than China...
    20 Apr 2014, 08:17 PM Reply Like
  • jcarrmaa
    , contributor
    Comments (57) | Send Message
    unfortunate USA can't achieve 7% growth rate..relative to US history it would be great, relative to China history it is a "problem"
    20 Apr 2014, 08:51 PM Reply Like
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