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Immelt blasts China

News

THIS week's plain-speaking prize goes to Jeff Immelt, the boss of General Electric.

He argued that China is increasingly hostile to foreign multinationals; he also gave warning that his company, the world's biggest manufacturer, is actively looking for better prospects in other emerging markets. "They don't all want to be colonised by the Chinese", he said, going rather further than was prudent. "They want to develop themselves".

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