Quote

GE sells more than 96 percent of its products to the private sector, where America's future must be built. But government can help business invest in our shared future.

China should be developing through the various foreign investments it receives. I hope for its level-headed and rational understanding that anything to discourage that is a disservice to itself.

When you take over a company like GE, you think you're going to visit 100 businesses. You're going to go see the factories you haven't seen before. You're going to see a site in Texas and one in Canada and stuff like that. That has fallen by the wayside.

As one of America's largest exporters, GE remains committed to producing more products in the United States, which is our home and largest market.

Our failure to properly deal with Germany and Japan early cost the world dearly later on. We dare not make the same mistake with China.

I think there's a tendency, and it's an understandable tendency, to imagine that China makes decisions out of a grand strategy. The reality is that I think China today is operating, most of all, based on its domestic needs.

A lot of people, including business leaders, think the future belongs to China. Globalization is not a zero-sum game, but we need to hone our skills to stay in play.

China is doing lots of things right. It's investing in education and R&D, it's opening up, it's more cosmopolitan than it's ever been. I think it's very likely that China will continue to explode economically and certainly become a superpower.

Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets.

Remember, China is the largest country in the world, so they have the confidence, the capital and resources to create large companies.