China joint ventures host UTC Chairman George David
China is an important market for United Technologies, and has been since our Otis Elevator unit sold the first elevator in Shanghai in 1907. Our Carrier unit followed with a project to cool a silk spinning mill in 1911. In the intervening years, the company has built an impressive business base in China, including 37 joint ventures across all six operating units. With 9,300 employees and an investment of more than $250 million, UTC has a strong presence in the mainland and in Hong Kong.
UTC Chairman and CEO George David toured UTC facilities in China in late February. David, who has been to China more than 40 times since taking the helm at UTC, focused on in-depth assessments of current operating conditions and hands-on meetings with employees during the trip. David travels extensively visiting UTC factories and offices to ensure that all UTC facilities are operating responsibly and at peak performance, as well as in compliance with stringent environmental, health and safety standards.
General Electric is another China hand...
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This is the crowd that has dictated our China policy for years. Expect them to come out in force against Bush in the next election.
IMO China is not irreplaceable by any means. Our corporations should not have an ideological slant towards PRC politics. We need balance, from every corporation up to the US government.
The pro PRC factions pretty much don't care what the heck goes on just so long as we make money. Thats their ideology.
Money is the golden buddah that politicians are scared to touch. Historically, "China has been right because we make money off of manufacturing there". Thats what it boils down to... and in the process these people set out to completely shut up all opposition. Such is a grand abuse of power.
They have no other intention except to silence all debate on the issue. In the system of things, anyone who wants to challenge China better come to a positive conclusion, because anything else will be ignored, or deemed 'wrong' or 'inappropriate' or 'against our interests' before it is ever heard.
Business does not have to lose out, they just have to diversify and stop treating China like a golden calf that deserves a 'hands off' policy.