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November 1, 2007

Cisco Announces Strategic Initiative With China Development Bank to Promote Sustainable Economic Growth in China

Innovative Strategy to Invest in High-Growth Chinese Companies Across Multiple Sectors

Cisco® (NASDAQ: CSCO) announced today that it intends to collaborate with China Development Bank (CDB) to invest in innovative Chinese companies leading the country's sustainable economic development. The program was announced today at a press conference after a memorandum of understanding signing ceremony attended by Gao Jian, vice governor of the CDB and John Chambers, chairman and CEO of Cisco.

The joint initiative will focus on Chinese companies with strong growth potential who are deploying innovative technologies in a range of market segments, including information technology and communications, green technology, education and healthcare, and other priority areas that underpin China's long-term sustainable growth.

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Posted by StaffWriter at November 1, 2007 10:43 AM