Dell steps up Chinese investment

Dell logoTinbox shifter Michael Dell has said he will invest $125 billion in China over the next five years.

The world’s third-largest maker of personal computers said the investment would contribute about $175 billion to imports and exports, sustaining more than one million jobs in China.

Chief Executive Michael Dell wrote in a statement that the internet was the new engine for China’s future economic growth and has unlimited potential.

“Dell will embrace the principle of ‘In China, for China’ and closely integrate Dell China strategies with national policies,” Dell said, adding that the company would continue to expand its research and development team in China.

Dell announced that in 2010 it would spend $250 billion on procurement and other investments over the next 10 years in China, its second-largest market outside the United States.

Dell has been in China for about two decades and, before it went private in 2013, saw annual sales in the country of roughly $5 billion.

In January, it announced partnerships with state-owned China Electronics Corporation and the municipal government of Guiyang.