IT investment in China by Cisco

Cisco is making it’s presence in the Chinese market by winning the contract to upgrade the backbone communications infrastructure of Sinopec, China’s Petroleum & Chemical Corporation.
One interesting quote in the article from was that Sinopec’s decision to go with Cisco was the global expertise which was important to the company in its “move forward in post-WTO China”. Are companies in China really moving that quickly to become multi-national companies?
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