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SAP to invest $2 billion in China in next four years
by Staff Writers
Frankfurt (AFP) Nov 15, 2011


German software giant SAP said on Tuesday it planned to invest $2.0 billion (1.5 billion euros) in increasing its presence in China over the next four years.

"SAP today announced multi-year spending plans of more than $2 billion through 2015 to grow its business in China," the world's second-largest economy, the group said in a statement.

Co-chief executive Bill McDermott said SAP, which has been present in China for 20 years and has two research centres in Shanghai and Chengdu, would set up five or six more branches there and hire around 2,000 more people.

SAP does not publish separate figures for its activities in China, but the Asia-Pacific region accounted for around 14 percent of overall group revenues last year.

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China leads surge in foreign students: US report
Washington (AFP) Nov 14, 2011
America's colleges and universities are seeing record numbers of foreign students, thanks to a surge from China and heavy enrollment from elsewhere in Asia, a report released Monday said. The report by the Institute of International Education (IIE) and the US State Department's Bureau of Educational and Cultural Affairs found a five-percent in rise in international university students in the ... read more


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