GE is one of the world's leading providers of infrastructure technology services, including the Aircraft Engines, Energy, Oil and Gas, Rail Transportation and Water Treatment Technologies business groups. Currently, more than 1,300 GE aircraft engines are used by a number of Chinese airlines; GE Energy has supplied more than 240 gas turbines, 70 steam turbines, 307 hydroelectric turbines, more than 100 wind turbines, and 32 licenses for gasification technology in China; GE Oil & Gas has supplied 24 compressors for the West-to-East Natural Gas Transmission Project and established joint ventures in Shanghai and Shenyang; and GE Transportation Systems Group supplied 78 locomotives and supporting rail signaling systems for the Qinghai-Tibet Railway line in China, and will supply 300 mainline locomotives to the Ministry of Railways; GE Water & Process Technologies, a leader in water reuse, wastewater treatment, and process solutions, offers a wide range of products and services for this sector and has established a water treatment chemical plant in Wuxi; GE Infrastructure also provides both GE Infrastructure also provides leasing and financial services in aviation and energy, with more than 100 aircraft in use by airlines in China through GE Aviation Financial Leasing. GE Industries provides a wide range of products and services worldwide, including home appliances, lighting, power transmission and distribution, factory automation systems, security and sensing technologies, and equipment financing, management and operations services.
GE has four lighting plants and two power transmission and distribution plants in Shanghai. Security facilities with innovative technologies are used for entrance and building security control as well as explosives and narcotics detection; the sensing business has established its Greater China headquarters in Shanghai. GE Fanuc Automation, a joint venture between GE and Japan's Fanuc Corporation, provides automation hardware and software to help users reduce costs, improve efficiencies, and enhance their profitability. GE Healthcare is a global leader in medical imaging, information technology, medical diagnostics, patient monitoring, and expertise in life support systems, disease research, drug development, and biopharmaceutical manufacturing technologies that are dedicated to detecting disease earlier and helping to treat it.
GE Healthcare began developing its business in China in 1979 and currently employs 3,000 people with operations in 29 regions across the country, including Beijing, Shanghai, Wuxi and Guangzhou. GE Healthcare operates CT scanning systems, MR*** vibration imaging systems, and X-ray imaging systems facilities in Beijing; a life sciences facility in Shanghai; and ultrasound and patient monitoring equipment facilities in Wuxi. To facilitate business growth around the world, GE Business Finance offers a range of financing services and financial products, including non-performing asset lending, asset management, operating leases, financing programs, real estate investment, financing buyouts, trade finance, etc. GE Asset Servicing has evolved in line with GE's forward movement in China, working with local companies, including key GE suppliers (e.g., Nanjing High Precision Gear Group Co. GE Commercial Finance is in the process of negotiating a joint venture to enhance its capabilities in non-performing asset lending and small and medium-sized enterprise (SME) lending in China. In March 2006, GE Real Estate entered the China market with a $20 million investment in the CITIC Capital Vanke China Real Estate Development Fund, which will invest $100 million to $150 million over the next five to seven years in residential property development in China.