Microsoft CEO Steve Ballmer has signed a memorandum of understanding with China’s State Development Planning Commission (SDPC) worth $750 million over three years, involving both software and services, Reuters reports. “We want the Chinese industry to grow. The success of Microsoft in every market, including China’s, is highly dependent upon the growth of local industry. What’s good for the local industry in every country is good for Microsoft,” the wire service quotes him as saying. MS also announced an investment of $24 million in local academic institutions, plus a $480,000 ‘investment’ to set up a software college in Shanghai where mad Unix skillz will undoubtedly be taught under MS’ noses.