BEIJING -(Dow Jones)- General Electric Co. said it is moving its X-ray business headquarters to China to accelerate sales in the country’s fast-growing health-care market, the latest sign of China’s growing importance to the giant U.S. conglomerate.
The X-ray unit will be the company’s first business to be based in China.
The business has already begun the move, which includes the unit’s chief executive and three other members of its executive team, and expects to complete the process by year end, said Anne LeGrand, vice president and general manager of GE Healthcare Global X-Ray. The senior leadership team’s move to Beijing is aimed in part at helping develop more medical equipment specifically for the Chinese market, Ms. LeGrand told a news briefing Monday.
Full story: GE moving top X-ray executives to China | Fox Business