General Electric Co chief executive Jeffrey Immelt said on Wednesday he wants the United States and China to open their borders for truly free trade between the world’s top two economies, rather than hiding behind protectionist walls.
But the chief executive of the largest U.S. conglomerate acknowledged in an interview with Reuters Insider that he treads carefully in going into business with Chinese companies.
“We’re not naive or stupid about these things. We really do think a lot about it,” the head of the world’s largest maker of jet engines and electric turbines said after attending a White House meeting with U.S. President Barack Obama and Chinese President Hu Jintao.
“There is a multitude of ways to succeed in China,” said Immelt, who this year marks his 10th anniversary at GE’s helm.
GE this week signed deals worth some $2 billion to supply electric turbines, railroad locomotives and aircraft components to Chinese companies.
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