President's "Jobs and Competitiveness Council" Head Moves Operation to Beijing

January 21, 2011: [GE head] Jeffrey Immelt To Head President's Council On Jobs And Competitiveness
July 26, 2011: General Electric Moving Health Care Headquarters To Beijing

Not only are rent and labor cheaper there, but a pseudo-government enterprise is less encumbered by annoying overseers halfway across the globe.

If you're not outraged, you're not paying attention.