Let's not confuse apparel production (which is at the very bottom of the scale in terms of technology) with that of X-ray equipment. Also, let's not confuse the role of a CEO (to make money) with that of policy brain-storming on what is needed to jumpstart an economy.
But it is still a good example. It's not either the US or China. It's about doing both in order to remain competitive. The move to China and other overseas locations is about making money. It, in turn, is what allows GE to invest in future technologies at home, such as solar technology. GE has invested enormous amounts in an R&D facility in upstate NY which is simply the best there is and also has plans to build the largest solar panel factory of its kind right here at home. If GE loses the competitiveness gained from overseas operations, they would not be able to create any US jobs whatsoever.