Jeff Immelt sits atop President Obama’s Jobs Council but does his company’s interest clash with the national interest? The Washington Post reported that GE has signed a joint venture deal with the state-owned Aviation Industry Corporation of China in which the conglomerate will share knowledge of several of its prized next-generation technologies with the Chinese firm in exchange for access to the booming Chinese aviation market. Writes Howard Schneider: "Under the agreement with AVIC GE avionics will be on board a new Chinese commercial airliner that is likely to become a rival to aircraft produced by U.S.-based Boeing and Europe’s ...
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