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CHINA: MICROSOFT SIGNS MOU WITH CHINA'S SDPC.(memorandum of understanding, State Development Planning Commission)(Brief Article)
IPR Strategic Business Information Database, July, 2002
Microsoft's visiting chief executive officer Steve Ballmer last week signed a memorandum of understanding (MOU) with China's top economic planning body - the State Development Planning Commission (SDPC) - covering education and training, academic research and co-operation, hardware manufacturing outsourcing, support in software outsourcing and strategic investments in local software companies, according to Business Weekly.
The MOU, said to be the largest Sino-foreign software co-operation deal to date, will lead to Microsoft investing US$750 million) in China in the next three years. The two sides will form a committee, to be co-chaired by SDPC Minister Zeng Peiyan and Microsoft Chairman Bill Gates, to review and discuss Microsoft's investment strategy. -...
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