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The State Development Planning Commission (SDPC) announced Thursday that it has signed a memorandum of understanding with Microsoft on software cooperation worth of 6.2 billion yuan (US$756 million).
According to the memorandum, Microsoft will pay Chinese enterprises to develop software, provide services and produce hardware insetting Microsoft software in the next three years.
Microsoft would also carry out training programs with the SDPC in 11 national software development bases in China, a SDPC source said.
The company is to set up laboratories in related universities, research institutes and software enterprises and allow local companies to use research findings developed by microsoft institute in Asia, the source added.
(People's Daily June 28, 2002)
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