June 11, 2009

IBM Opens New Innovation Center in Beijing

IBM, one of many American multinationals banking on Chinese economic growth to fuel future earnings, opened a Global Railway Innovation Center in Beijing to collaborate on high speed rail and other rail technologies. Railway building is a major component of Beijing's stimulus plans and 70 railways are planned for 2009 with over 5,000 km of track. Alsthom of France and the German firm Siemens - both leaders in rail technology - are active in China and parties to several joint ventures....

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