General Electric to Build R&D Center in Shanghai
General Electric Co. (Shanghai, China) signed an agreement with Shanghai's high-tech zone to establish an international research and development center in China. The center is expected to hire research and development experts in China and start operation in 2003. About 400 scientists and engineers will work in the Zhangjiang High-Tech Zone, in Pudong, Shanghai.
Gary Rogers, deputy chairman of GE, said the company is aiming to keep the leading position of technology in China. "China is the new influential market for GE in the 21st century."