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(Nikkei BP Group)

(No.1 High-Tech News Site in Japanese)

  • China's MII Links Research Institutes to Market
  • September 29, 1998 (BEIJING) -- China's Ministry of Information Industry (MII) plans to shake up the country's research and development institutes to make them more market-oriented.
    The MII has taken over more than 70 research and development institutes that used to belong to the Ministry of Posts and Telecommunications and Ministry of the Electronics Industry.

    According to MII sources, the ministry will reshuffle these government-financed institutes to transform most of them into financially independent enterprises in the near future.

    Zhou Huan, president of the China Academy of Telecommunications Technology, said that the academy is following the new government policies to link research more closely to commercial applications.

    It already has transferred 40 percent of its staff members to Datang Telecom Technology Co., Ltd.

    In the past four years, the academy has increased its output value from RMB190 million (US$22.6 million) to RMB2 billion.

    Datang Telecom Technology attracted a record number of buyers for a single stock when it was listed on the Shanghai Stock Exchange in August.

    An official of the former Ministry of Electronics Industry noted that in the past, research institutes mainly relied on the government for funding, and only carried out projects that the government assigned.

    (Xinhua News Agency)

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    Updated: Mon Sep 28 17:59:07 1998 PDT