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By Market News Video Staff, Tuesday, November 9, 8:52 AM ET
General Electric (NYSE:GE) said today it is planning to invest more than $2 billion to expand its business in China through 2012.
GE said it plans to expand its research & development and customer support capabilities in China, and also will create joint ventures with China in technology and financial services.
GE is the #1 stock in the Vanguard Industrials ETF (AMEX:VIS), at 11.61% of the portfolio.
United Technology (NYSE:UTX), 3M (NYSE:MMM), Caterpillar (NYSE:CAT) and UPS (NYSE:UPS) round out its top five holdings.
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