GE procurement in China to hit $10b around 2018

Aviation, electricity and healthcare will be main areas of company's comprehensive localization

General Electric will double its procurement from China to $10 billion by around 2018 and deepen cooperation with Chinese partners to implement its comprehensive localization strategy, GE China's CEO told China Daily.

"Comprehensive localization, helping Chinese find global partners and digitization will be our strategy in China in the next five years," said Duan Xiaoying, CEO of GE China, in an interview on Monday.