CETC speeds re­form ef­forts

China Daily (Hong Kong) - - BUSINESS - By MA SI masi@chi­nadaily.com.cn

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-

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