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* China eyeing "vastly superior" scale, Immelt warns * "I worry a little bit about us," Immelt says of U.S.* GE "all-in" on solar, sees potential $20 bln business By Scott MaloneNov 3 (Reuters) - General Electric Co's Jeff Immelt worries the United States may lose ground to China in the renewable energy sector because it is not prepared to invest in solar, wind and other technologies on the same scale.But the chief executive of the largest U.S. conglomerate said his company remains undaunted and will continue to work in the sector despite the recent bankruptcy of solar panel maker...

The New York Times reported last month that General Electric earned $14.2 billion in international profits, including, $5.1 billion in the United States. Yet GE did not pay a dime in federal income taxes last year. Oddly, President Obama chose GE Chairman and Chief Executive Jeffrey Immelt to head his President's Council on Jobs and Competitiveness.According to the Associated Press, Immelt's compensation package doubled to $15.2 million last year, while this year GE is seeking major concessions from the unions that represent its shrinking American workforce. That makes Immelt the wrong guy for the job of jobs czar.Or as former...