GE ex-CEO Jack Welch says if China doesn't build dominating global brands similar to Apple...

|About: Apple Inc. (AAPL)|By:, SA News Editor
GE ex-CEO Jack Welch says if China doesn't build dominating global brands similar to Apple (AAPL) it could lose competitiveness in as little as three years. High wages could prompt manufacturers to shift production to other parts of the world creating an urgency for China to create "10,000 Apples," adds Welch.