[Image courtesy of www.ge.com]
Earlier this week, CBI member GE announced that its Healthcare unit will move the GE X-ray leadership team from the U.S. to a new global headquarters in China.
The shift to Beijing will enable global imaging business GE X-ray to establish a comprehensive in-country business cycle covering engineering, development, sales and service and better support healthcare settings in rural and urban China.
According to Anne LeGrand, Vice President and General Manager of X-ray for GE Healthcare, "Moving GE X-ray's global headquarters to China will help make the business more nimble and responsive while continuing to strengthen our local focus and grow our global footprint."
Rachel Duan, president and CEO of GE Healthcare China, said, "By moving strategic leadership to a new global hub of healthcare innovation, GE X-ray is better positioned to understand and meet the needs of high-growth markets, support the Chinese government's Primary Care Initiative and the 12th Five-Year Plan (2011-2015)."
The potential of the Chinese healthcare market is enormous. According to Yan Qingchun, vice-president of the China National Committee on Aging, "By the end of 2020, China is estimated to have 248 million seniors above 60 years old, who will account for 17.2% of its population."
Please click here to read the full press release by GE and here for further media coverage.
So, Obama appoints Jeff Immelt, to head his Commission on Job Creation.
The Job Czar, Immelt is supposed to help create jobs. Instead he is moving American jobs to China, and negatively impacting our balance of payments by selling Chinese made X-Ray machines to the USA.
I guess the President forgot to tell him in which country
he was supposed to be creating those jobs.
If this doesn't show you the total lack of leadership
(or the stupidity) of this President,
I don't know what does.
Posted by: US Citizen | 27 August 2011 at 21:58