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General Electric to make $500 million productivity savings from industrial internet

SHANGHAI (Reuters) - General Electric Co GE.N will make $500 million of productivity savings in 2016 from using industrial internet applications, a company executive said on Wednesday.

GE Chief Digital Officer Bill Ruh made the comments at a press conference in Shanghai, where the company also announced a partnership with China’s Huawei Technologies [HWT.UL].

Reporting by Brenda Goh; Editing by Stephen Coates

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