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 State-owned 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.