Founded in 1952, China National Technical Import & Export Corporation (CNTIC), is a large state-owned corporation specialized in the import and export of technologies and complete set of equipment, an agency for tendering and bids, project consultation and management as well as engineering / contracting for projects at home and abroad. The Company has been playing its role as the major channel for import and export of technologies, technical equipment and complete plants during various stages of the economic construction and development of the nation. During the past 54 years, CNTIC has imported advanced technologies and complete plants for about 4,800 projects with a total value of over 80 billion US Dollars for all major sectors of the national economy covering energy, transportation, communication, petrol-chemical, iron & steel, building material, electronics, pharmaceutical, agriculture and forestry, education and etc.