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Cisco Visits China

BEIJING -- Cisco today announced a multi-year investment initiative aimed at strengthening its business commitments and long-term corporate strategy in China. The program, announced today by Cisco Chairman and CEO John Chambers at a press conference in Beijing, defines a three- to five-year plan of increased investment in China in alignment with the country's long term economic, societal and environmental goals.

"Today's announcements underscore both China's strategic importance to Cisco's global operations and the broad range of growth opportunities presented by the China market, particularly as an innovator in the next wave of the Internet's development in collaboration and Web 2.0 technologies. Cisco has made significant investments in our China business since we established operations in the country in 1994 and this program will lay the foundation for the next chapter in Cisco's development in China," said John Chambers, chairman and CEO of Cisco.

Cisco Systems Inc.