The new joint venture planned between GE Aviation and AVIC Systems of China, which was announced in Beijing yesterday, places GE technology and expertise squarely in an area of explosive growth.

As Lorraine Bolsinger, president and CEO for GE’s Aviation Systems business, says “With 9 percent traffic growth, and a rising middle class which is largely underserved, China is the world’s fastest growing aviation market, and we need to ensure that GE, and the United States, are part of this growth.”