According to sources, the British mobile operator Vodafone has launched the sale of its 4.4 billion pounds stake in the China Mobile. The British firm holds 3.2% stake in the biggest mobile operator of the world, China Mobile with 554 million customers.

According to the sources, Vodafone has decided to sell its stake of China Mobile on the Hong Kong stock market.

Vodafone has taken this decision in order to exit from its non-strategic investment and to focus on its core markets of Europe, India and Africa. Most of the businesses of western countries are struggling to be successful in China.

The chief of General Electric (GE), Jeff Immelt has said it is getting harder and harder to do business in China for any foreign companies. GE is moving its production of hybrid water heaters to Kentucky saying the labor costs and the shipping costs of China are not bearable.

It has planned to produce its products locally in the US market. While the European business leaders are keen to do their business in the fastest growing market of the world.