CETC speeds reform efforts
China Electronics Technology Group Corp, a State-owned technology giant, will step up efforts to optimize corporate structure and encourage innovation amid the central government’s deepening of Stateowned enterprise reform.
“Our goal is to lead the development of China’s electronics industry and build the cornerstone of national security,” said Xiong Qunli, chairman of CETC. “We will ramp up resources to cultivate innovation and accelerate structural reform.”
As of August, the company has successfully integrated 19 research institutes to set up seven units, simplifying hierarchy, boosting operational efficiency and saving costs.
CETC has already been working to overhaul its structure, which previously consisted of 47 electronic information research institutes. Such a fragmented structure led to a slate of problems such as scattered investments, redundant construction and disordered internal competition.
“We have shifted our focus to five areas — military electronics, civilian products, international management, scientific and technological innovation, and asset manage-