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General Electric Company (NYSE:GE): Current price $23.29
China is insistent upon lowering its dependency on foreign firms such as The Boeing Company (NYSE:BA), EADS-owned Airbus, General Electric, and Rolls Royce for its increasing demand for airplanes and engines, says Reuters. The Chinese government’s cabinet could soon okay an aircraft engine development program that would need investment of at least $16 billion, according to the Xinhua news agency.
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