As the world's leading technology and infrastructure company, GE has been focusing on aviation, healthcare and energy in China. In its efforts to speed up expansion in the country, GE has launched a global offshore and marine organization to tap into the marine industry.

"We think globally. The way we like to think about the shipbuilding industry is: we power, we propel and we position," said Mark Hutchinson, president and CEO of GE Greater China.

Although China is the biggest shipbuilder in the world, it is more involved with low-end vessels or freighters, said Hutchinson.