General Electric is planning to move its 115-year-old X-ray division from Waukesha , WI to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers. This is the same GE that made $5.1 billion in the United States last year, but paid no taxes. GE employs more people overseas than it does in the United States.
President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation.