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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (589)	11/14/2006 6:07:17 PM
From: RealMuLan	Read Replies (1) \| Respond to of 12464

UPDATE 1-IBM, China join hands to develop services industry Tue Nov 14, 2006 2:08am ET today.reuters.com BEIJING, Nov 14 (Reuters) - International Business Machines Corp. (IBM.N: Quote, Profile, Research), the world's largest technology services firm, launched an initiative on Tuesday with China's Ministry of Education to develop the mainland's nascent services industry. While IBM has a long history of supporting education around the world, China's one-Party decision-making process means that companies eyeing the huge mainland market often hinge their charitable contributions directly on Beijing policy. "We believe this 'Services Innovation -- the New Vision' aligns IBM China with a key priority of the Chinese government, which is the development of a services industry that acts as a catalyst for innovation," said Henry Chow, the head of IBM China. Since the Communist Party unveiled its 11th five-year development plan this year, corporate donors have focused on the plan's main themes of promoting education and health -- especially in poor rural areas -- innovation and social harmony. This month, Intel Corp. (INTC.O: Quote, Profile, Research) announced plans to train teachers in China's vast rural areas. Later this month, Euromoney is sponsoring a conference entitled "Financing Harmonious Growth". As with Intel's plan to donate thousands of computers to help teachers, the corporate contributions will place IBM's name and products on the desks of the next generation of China's best and brightest. IBM will work with the Ministry of Education to introduce a services science curriculum in Chinese universities. The company will also help develop a programme with the Ministry of Health to use technology to improve regional medical services. China is home to one of IBM's eight major research centres in the world, and can also claim one of the two largest software development facilities in the IBM universe outside of North America. The other is located in India. IBM has already invested billions of dollars in China and this week sources said it would join a consortium led by Citigroup Inc. (C.N: Quote, Profile, Research) that is bidding $3 billion for control of China's Guangdong Development Bank. (US$=7.88 yuan) © Reuters 2006. All Rights Reserved.