The Organization Department of the Central Committee of the Chinese Communist Party (CPC) signed a memorandum of understanding on personnel training with the General Electric (GE) here on Wednesday.

The deal covers a plan on training selected Chinese business executives from 2008 to 2010, Xinhua was told on Thursday.

He Guoqiang, head of the Organization Department, and GE Chairman of the Board and CEO Jeffrey Immelt held a meeting before the signing of the MOU.

The cooperation between the two sides started in 2000, and since then they have organized seven training classes for senior business executives.

Source: Xinhua