Friday, June 28, 2002

The State Development & Planning Commission of the People’s Republic of China & Microsoft Corp. Sign A Memorandum of Understanding To Begin the Largest Joint Sino-Foreign Software Industry Cooperation "Under the Memorandum Microsoft will invest RMB 6.2 billion (USD 750 million) in China in the next three years in the areas of education and training, academic and research cooperation, hardware manufacturing outsourcing, continued support in software outsourcing and strategic investments and cooperative developments in local software companies."

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