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Israeli Firm Wins China Contract

Motorola Israel, a subsidiary of the giant U.S. electronic communications corporation, has won an international competition for design, provision and installation of a communications network for the People’s Bank of China.

The Israeli company, which researches, designs and manufactures equipment for local and export sales and for its parent company, won the contract in competition with other firms throughout the world.

The new equipment will update communications between the Chinese Bank’s Beijing headquarters and its hundreds of branches throughout the vast country.