“These facilities…will play an instrumental role in building out much needed local innovation capabilities in the critical industries that are key to the region’s long term growth.”-Mark Hutchinson, president and CEO of GE Greater China
On 18 July 2012, unAmerican Corporate America giant, General Electric (GE), announced they’ve opened the China Innovation Center.
This as the Obama administration has been calling for more spending on innovation, but I thought he meant in the United States! Here’s what he said: “We now live in a world where technology has made it possible for companies to take their business anywhere. If we want them to start here and stay here and hire here, we have to be able to out build and out educate and out innovate every other country on Earth.”-Barack Obama, September 2011
How can you “out innovate every other country on Earth”, when your own corporations are outsourcing the innovation?
The GE China Innovation Center in Xi’an cost $60 million USD to build. I wounder if GE somehow got any U.S. taxpayer money, or some kind’o U.S. tax break, for their China project?