Well before General Electric Co. chief Jeffrey Immelt criticized China at a private dinner last week, the company was facing greater headwinds there.
During a gathering in Rome, Mr. Immelt had said it is getting harder for foreign companies to do business in China, according to people who heard his comments.
Mr. Immelt is under pressure to show growth in his industrial businesses to get the company's lagging stock price moving as he scales back its onetime profit engine, GE Capital. Its shares now trade for $14.83 apiece, down from $38.43 in April 2008. GE, which has 13,000 employees in ...
source: wsj
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