General Electric (GE) said today it is planning to invest more than $2 billion to expand its business in China through 2012.

GE said it plans to expand its research & development and customer support capabilities in China, and also will create joint ventures with China in technology and financial services.

Do you like what the expansion in China says about GE’s prospects but want some diversification?

According to the ETF Finder, GE is the #1 stock in the Vanguard Industrials ETF (VIS), at 11.61% of the portfolio.