GE invests $50m in ‘green’ China – BBC

From the BBC (link):

US industrial giant General Electric has struck a deal with the Chinese government to invest $50m (£27m) on developing green technologies.

GE, which employs 13,000 people in mainland China, said energy efficiency and water filtration were among the projects to be developed.

GE’s Chinese unit currently brings in revenues of $5bn and the firm believes it could double its business by 2010.

For more information on GE, see “General Electric Exceeds Its Own `Environmental’ Product Goals” from Bloomberg (link), and GE’s Ecomagination site, which was recently launched in China (link).