A New York man has been sentenced to two years in prison on Jan. 3 for conspiring to steal trade secrets from American multinational company General Electric (GE) to benefit the Chinese Communist Party (CCP). Xiaoqing Zheng, 59, of Niskayuna, New York, was convicted of conspiracy to commit economic espionage in March 2022, the Department of…
New York Man Jailed for Plotting to Steal Trade Secrets for China
January 4, 2023
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NY Man Sentenced for Plotting to Steal Trade Secrets for China
January 4, 2023
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ChinaChina Business & EconomyCrime and IncidentsGeneral ElectricInfiltrating the WestLocal NewsNational SecurityNew YorkRegional-Local NewsSpecial Topicsthousand talentsThreat from Communist Chinatrade secretsUSUS NewsUS-China relations
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A New York man was sentenced on Jan. 3 to two years in federal prison for conspiring to steal trade secrets from General Electric (GE) to benefit the Chinese Communist Party (CCP). Xiaoqing Zheng, 59, of Niskayuna, New York, was convicted of conspiracy to commit economic espionage following a four-week jury trial in March last year, the…
General Electric Deliveries Still Affected by Supply-Chain Issues
CHICAGO—General Electric Co. is still grappling with supply-chain bottlenecks which have made it tougher to deliver products to customers on time, Chief Financial Officer Carolina Dybeck Happe said on Thursday. All the businesses of the Boston-based industrial conglomerate have been facing challenges in satisfying customer demand due to shortages of parts, labor, and raw materials….
Aircraft Rentals Skyrocket, While Supplies of Available Planes Remain Tight
August 26, 2022
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The prices to lease aircraft since the pandemic have skyrocketed, as supplies of spare planes remain tight, reported CNBC. Some in-demand aircraft lease rates are now surpassing the levels in 2019. For example, according to aviation advisory firm IBA Group, the rent on a new Boeing 737 Max increased by more than 20 percent, to $316,000…
GE Workers in Alabama Launch Union Organizing Campaign
CHICAGO—General Electric Co.’s workers at a plant in Alabama said on Monday they have launched a campaign to form a union for better pay and job security. The plant in Auburn, Alabama, employs 179 workers. It builds a fuel nozzle on the widely used LEAP jet engine which powers planes of Airbus and Boeing Co…..
General Electric Reveals What Its 3 New Units Will Be Called, Ahead of Historic Spin-Off
General Electric has unveiled the names and logos of its three divisions that would soon function as independent public firms, as the 130-year-old industrial conglomerate seeks to remold itself as an aviation-focused company. What Happened GE said Monday its healthcare unit will be called GE HealthCare, with a purple monogram, and listed on the Nasdaq under the ticker…
Airbus Sees Engine Delivery Delays Peaking at Mid-Year-Report
FARNBOROUGH, England—Airbus expects delays in engine supplies that have been holding back aircraft deliveries to peak at mid-year, Chief Executive Guillaume Faury was reported on Monday as saying. Airbus has been forced to build some narrowbody A320neo-family jets without engines in order to keep assembly lines running, mirroring a smaller scale disruption seen in 2017…
GOP Lawmakers Urge Biden to Resolve Shortage of China-Made Crucial Component for Medical Imaging Tests
House Republicans have urged President Joe Biden to resolve a nationwide shortage of medical dye amid an ongoing supply chain crisis, which has prevented hundreds of patients from getting image scans used to diagnose cancers and other diseases. The dwindling supply is a result of the prolonged COVID-19 lockdowns by the Chinese Communist Party (CCP)…
Microsoft, Intel, GE Provide ‘Direct Support’ to Chinese Military, State Security Bodies: Report
February 5, 2022
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Eight major U.S. tech companies have business links to the Chinese military and security apparatus, according to a new report by the Washington-based advocacy group Victims of Communism Memorial Foundation (VoC), and Horizon Advisory consultant group. “In their endeavor to capture Chinese markets and boost their bottom lines, American corporations have increasingly supported Beijing’s military modernization,…
If You Invested $1,000 in General Electric Stock One Year Ago, Here’s How Much You’d Have Now
Investors who have owned stocks in the past year have generally experienced some big gains. But there is no question some big-name stocks performed better than others along the way. GE’s Bumpy Ride One company that has been a disappointing investment in the past year has been industrial giant General Electric Company. GE has been one…
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