GE Finding Its Way…And Looks Abroad

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After shocking the market last week with a 6% first-quarter profit drop, General Electric (GE) announced on April 16 that it plans to invest US$2bn in China. GE, the US's second-largest company by market capitalisation, is the worst performer on the Dow Jones Industrial Index to date this year, down about 13.5%. The news of the profit drop sent GE shares down 12.8% on the New York Stock Exchange, the company's largest stock decline in two decades.