Cisco Unveils $10 Billion China Plan

Cisco Unveils $10 Billion China Plan:

Manufacturer of networking gear that has sought to strengthen ties Weigh Enforcement Beijing on foreign suppliers
Beijing- Cisco Systems Inc. said it will invest Alliances and more for $ 10 million in the next to years in China, as the maker of networking gear looking Strengthen its market position amid geopolitical winds.

Cisco unveiled the plan on Wednesday after outgoing President Executive John Chambers and his replacement Chuck Robbins met with Chinese Deputy Prime Minister Wang Yang and other government leaders in Beijing. In his statement, Cisco no outline specific investment or other purposes, stories as a time frame.
Cisco also announced as a Memorandum of Understanding signed with the Maximum Economic planning organ of China Development and Reform Commission Nacional para invested in areas that will help the country achieve v do have a long-term goal of development driven by innovation.
"Cisco esta deeply engaged with our Chinese partners," the statement said Robbins.
Cisco and other technology providers in the United States is facing challenging business environment in China AFTER contractor of the National Security Agency US NSA Edward Snowden former ALEGO utilization Technology Products To Help US has spy Abroad. China has increased its use of technology in the National and the response of the editors of Technology Safety Standards More stringent rule for foreign suppliers.

Cisco has said it had no knowledge of the activities of the NSA spying.
The announcement also comes amid Cisco Strategic extensive changes due to the change CEO, if you set the Next my paragraph. Mr. Robbins has flattened overall executive structure, and the company said that internally the past week cargoes Several senior Chinese executives are eliminated. Mr. Chambers will become Executive Chairman.
Cisco's China sales fell 20% in the quarter ended April 25 about the above YEAR.
Several US Other Companies Technology announced major investments Han China last year. Qualcomm Inc. said in July last year that even invest US $ 150 million in new Chinese companies. Buy Intel Corp. said in September that 20% of Tsinghua Unigroup Ltd., owner of chip design companies Second and third largest Directors of China, $ 1.5 billion.