GE’s stock price has dropped by more than a quarter this year. Photo: Reuters

GE shutters R&D centre in Shanghai as markets eagerly await CEO Flannery’s strategic review

The US engineering giant says the move will result in the loss of only a small number of jobs, but will increase investments in advanced manufacturing and robotics in China

Topic |   General Electric

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GE’s stock price has dropped by more than a quarter this year. Photo: Reuters
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