In an interview with the Wall Street Journal, Rachel Duan, GE's chief executive of greater China, said she expects the company to keep reporting double-digit order growth in the country despite its slowing economy and an anticorruption campaign by the government that delayed approvals for large projects.
"In the short term, the country is going through some adjustments," Duan said. "We really don't see that as a longer-term or macro problem."
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Duan noted that GE is experiencing delays on projects in the energy and health-care sectors in China, but said the company expects those delays to only have a short-term impact.
TheStreet Ratings team rates GENERAL ELECTRIC CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."