Skip to content
Subscriber Only

China Must Create ‘10,000 Apples’ to Compete, Welch Says

China needs to build global brands and companies similar to Apple Inc. to stave off a possible loss of competitiveness in as few as three years, said Jack Welch, former chief executive officer of General Electric Co.

Rising wages in China are fueling inflation and may spur more global manufacturers to move production to Vietnam and countries in Africa, Welch told reporters in Shanghai.