GE Healthcare Considers China Exit: A Multi-Billion Dollar Decision

Is GE Healthcare pulling back from China? The company is reportedly exploring selling a stake in its China business, potentially worth billions, amidst rising political tensions, increased competition from local companies, and a slowing Chinese economy. This news comes as confidence in the Chinese market hits an all-time low among US businesses, with GE Healthcare's sales in the region already down 15% this year. Investors reacted with cautious optimism, boosting GE's share price slightly. What does this mean for the future of US companies operating in China? Hosted on Acast. See acast.com/privacy for more information.