General Electric Company (NYSE:GE) has reported a 50% year on year growth and total revenues of $656 million during the first three quarters of 2009 in its Ecomagination Business in China. The increase shows a strong confidence in the company’s ecomagination products and services by Chines consumers. GE Power and Water, Transportation and Aviation has been contributed to the business’ strong growth through a series of deals.
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The company states that the businesses have finalized high level deals with Chinese government bodies and enterprises. The company signed 20 MOUs with central and local government bodies in 2009, and 10 MOUs with state owned enterprises and Chinese Universities. The majority of the deals were focused on energy efficient solutions.
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