General Electric (GE) announced that its China Technology Park in Shanghai's Zhangjiang Hi-Tech Park has been formally completed and it will become GE's headquarters in China.

Jeffrey R. Immelt, chairman and CEO of GE, said at the inauguration ceremony that GE will foster research and development power in China and extend to the western parts of the nation.

Based on GE's former research center in China, the China Technology Park is a modern comprehensive office park covering over 60,000 square meters. As one of the most advanced comprehensive office buildings of GE's global branches, the China Technology Park will be able to accomodate more than 3,000 workers from GE's business groups in Shanghai upon its total completion.

Immelt says that China is the focus of GE's global strategy. The company will continue to expand its business here and make China its second home. The China Technology Park is a milestone for GE's localization in China and it represents for the company's commitment to support China's sustainable development. GE will invest in the technology sector to foster research and development power in China in the next 20 to 30 years.