Cisco last week released specifics of its previously announced innovation and sustainability initiative for China.
The initiative includes research and development, education, procurement, investment and training, Cisco chairman and CEO John Chambers said in an announcement in Beijing.
"The next stage of our strategy for China reflects the country's importance to Cisco's global growth strategy and to our long-term business model, built upon next-generation innovation in collaboration and Web 2.0 technologies," said Chambers.
"Cisco's public-private collaboration within China not only helps accelerate these business efforts, but also helps the 1.3 billion people and growing number of entrepreneurs within the country gain access to social and economic opportunities afforded by the internet."
The move also included the appointment of Jim Sherriff, previously Cisco’s senior vice-president of global operations, to the newly created position of chairman, Cisco China.
According to a press release regarding the initiative, a memorandum between Cisco and China's National Development and Reform Commission is intended to “extend cooperation in the areas of manufacturing and service outsourcing, next-generation internet, venture investment, training and development, as well as environmentally focused research and development including energy efficiency, emission reduction and network-based green urban development”.
A similar memorandum between
The program will see Cisco provide training to improve the skills of employees in Chinese companies.