The hottest Ge CEO criticizes China's business env

2022-07-25
  • Detail

The CEO of General Electric criticized China's business environment and said that foreign businesses are difficult to do

Jeffrey Immelt, CEO of General Electric Co., became the latest American heavyweight business leader to criticize China

he told Italian business leaders that it is becoming more and more difficult for foreign-funded enterprises to conduct business in China. According to the financial times, Immelt said, "I'm really worried about China. I'm not sure whether they want any of us to win or succeed in the end."

Jeffrey Immelt, CEO of General Electric. Immelt is obviously venting the growing anger in the hearts of many international enterprises. They believe that China is systematically seizing their technologies and then using them to compete with them in China and overseas markets

<1. He should know better than anyone: GE has been providing various technologies, from railway locomotives to pollution prevention equipment, to enter the domestic market in China

for multinational companies, technology transfer has always been the exchange condition for finalizing contracts in China

foreign companies have always accepted this arrangement meekly, because they think that since China has become the largest market for everything from wind turbines to, if you want to become the top three in the world, you must enter this country. Without scale, global enterprises can not become industry leaders, can not stand at the forefront of science and technology, and will be even less competitive. But scale means having to enter the Chinese market to turn it clockwise

this inference gives China great bargaining power. It is not as if China has to acquire technology in a sly and furtive way. In fact, China's position of exchanging market for technology is quite open. Recently, GE has raised the stakes in technology transfer: it has brought a complete set of global avionics business to its Chinese joint venture as one of the costs of participating in the development of Chinese airliners

if Ge does not do so, other companies may take the lead. To some extent, this is often the competitive thinking behind the most generous foreign technology transfer contracts to China

but now many of the world's largest technology companies have handed over some of their most valuable industrial secrets. They begin to ask themselves: is it worth it

after the company hoped to add graphene nano materials two years ago, Immelt said that GE would double its revenue in China to US $10billion by 2010. Now it seems too optimistic. GE's revenue in China last year was only $5.3 billion

in order to understand the deep frustration behind Immelt's words in the report, you must know that most foreign enterprise executives are extremely careful to avoid saying anything that may make the Chinese government hostile

Chinese officials like to listen to flattery (this is the practice of their subordinates, and they hope that foreign enterprise executives will do the same). So the whole government relations industry has logically become a flattery industry in China. So the game is full of endless flattery, flattery and false smiles

so it's shocking when people like Immelt say what he really thinks about China (even in apparently private activities)

Immelt is not the first CEO to give up the stereotype, nor is he the first corporate executive to frankly talk about the difficulties encountered by multinational companies in China. In an interview with Bloomberg earlier this year, Microsoft CEO Steve Ballmer complained about rampant piracy in China and pointed out that our interest in the Chinese market is not as good as that in India and Indonesia

it is reported that Immelt also criticized US President Obama (Barack o is still in the period of strategic opportunity Bama). After he said these words, Ge spokesman Gary Sheffer entered the state of injury control. 'these comments do not represent our views, 'he said

on the surface, it may be, but these words increasingly represent the voice of aggrieved foreign technology companies in China

Copyright © 2011 JIN SHI