GE remains bullish about China despite economic slowdown

|By:, SA News Editor

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.