Former GE CEO: Taking Chinese market away from U.S. companies makes foreign competitors stronger

General Electric Chief Executive Jeff Immelt speaks at a news conference in Boston [Reuters]
General Electric Chief Executive Jeff Immelt speaks at a news conference in Boston [Reuters]
CGTN | 03-Mar-2021

Former General Electric CEO Jeff Immelt said on Monday that taking the Chinese market away from the U.S. companies would make foreign competitors stronger. In an interview with The Washington Post, Immelt said the tough trade policies on China will not make the U.S. “better off.” Continue reading “Former GE CEO: Taking Chinese market away from U.S. companies makes foreign competitors stronger”

China Shopping centers open door to innovation

Customers shop at the SKP Beijing department store [Wang Shiqiang-China Daily]
Customers shop at the SKP Beijing department store [Wang Shiqiang-China Daily]
China Daily | 01-Mar-2021 | By DU JUAN

Creative thinking appeals to customers during pandemic. Chen Miao, a 28-year-old bank clerk in Beijing, found to her surprise that her spending last year was double that of the previous year, despite the COVID-19 pandemic keeping her home for almost five months. “I didn’t have any major new expenses, such as rent or paying for a car, last year,” she said. Continue reading “China Shopping centers open door to innovation”