China National Electronics Import and Export Corporation, the largest foreign trader of electronics in China, is a comprehensive foreign trade enterprise with import and export of electronic technology and products as well as other services.
The co***ny, established on April 15th,1980, now has 56 solely-funded and proprietary subsidiaries both at home and abroad, 5 offices abroad and more than 200 joint ventures. By the end of 2000, CEIEC, with its total assets reaching RMB 8.4 billion yuan, had brought about the total sales income of RMB 7.5 billion yuan and the gross profit of RMB68.65 million yuan. CEIEC, at present, owns a staff of 4500, among them, 3,700, equal to 82% of the total, have university or college degree.
The main business line of the co***ny include importing and exporting of electronic technology, equipment , elements and products, as well as undertaking of government trade, contracting international engineering projects, labor service, co-production, joint venture operation, processing with supplied materials, samples and blueprints, setting up maintenance and after-sale service centers by foreign electronics manufacturers, sales agents, consignment sale of ***re parts; software development and financial leasing, packaging and transportation, exhibition and advertising, market information and legal consultation service in the foreign trade, and etc.
Since its establishment, CEIEC has been adhering to the principle of serving the development of the national electronics industry and national economy, It persists in the reform and the combination of trade and industry, trade and technology development, import and export. It operates with foreign trade as its main business while diversifying business line for all around developments. By strengthening the operation and management and placing equal emphasis on material progress and ethical and cultural progress, CEIEC has made great progress in business. The trade volume from 1980 to 2000 totaled USD 24.2 billion, of which export
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