GE to invest US$2bln in China R&D capacity, JVs
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GE CEO Jeff R. Immelt announced on Tuesday the company will invest more than $2 billion through 2012 to expand its R&D capability and set up joint ventures in China.
About $500 million will go to R&D and new innovation centers, which are expected to add 1,000 jobs.
More than $1.5 billion will be used to set up technology and finance joint ventures, which include joint ventures with four State-owned companies in energy and railway sectors.
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