China-focused NF Energy Saving Corp of America said it has signed a strategic cooperation agreement with GE Enterprise Development (Shanghai) Co Ltd, a subsidiary of US group GE (NYSE:GE), to jointly promote sustainable market development and to cooperate in energy savings projects in China.
NF Energy chairman and CEO Li Gang said: "It is definitely a win-win cooperation. The energy-saving market perspective is very strong and is supported by favorable Chinese government policies that promote and reward these types of projects."
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