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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	11/16/2011 11:29:10 PM
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Berkeley Reveals Plan for Academic Center in China By DAVID BARBOZA SHANGHAI — The University of California, Berkeley announced this week that it plans to open a large research and teaching facility here as part of a broader plan to bolster its presence in China. The public university, which is struggling under budget constraints imposed by the state of California, said the Shanghai center would cater to engineering graduate students and be financed over the next five years largely by the Shanghai government and companies operating here. The program is expected to begin in July 2012. Berkeley’s announcement comes as other prominent American universities are racing to build closer ties to China, hoping to attract new students, deepen research capabilities and set up sites to train business professionals to succeed in the booming Chinese market. New York University and Duke University are each building a campus in the Shanghai area, and Stanford is building a $5 million research center on the campus of the elite Peking University in the city of Beijing. nytimes.com

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