Founded in 1952, China National Technical Import & Export Corporation (hereinafter called “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 52 years, CNTIC has imported advanced technologies and complete plants for about 4,000 projects with a total value of over 70 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. In line with the nation’s development strategy for large enterprises, Genertec Group was founded in 1998 and CNTIC becomes its wholly owned subsidiary. CNTIC has gathered all the healthy operating resources within the group and further defined its market position in the sectors of electric power, metallurgy and building materials, infrastructures, environment protection, petrol-chemical, telecommunication and light industry with more strengths and competencies: CNTIC, as the result of its excellent commercial performance for fifty years, has well established itself in terms of business integrity, public relations, human resources and information network: ¡ù Having been a reliable partner both at home and abroad for technology trade and equipment business in the name of "CNTIC"; ¡ù Having established and maintained steady relations of cooperation with famous design institutes, sales organizations, manufacturing companies at home and abroad in the field of technology trade; ¡ù Having set up its professional working team consisting of personnel specialized in the fields of commerce and trade, law, engineering and technology and capable of handling sophisticated projects. Some of them have been invited by the government authorities to participate in the compilation of modals of international commercial contracts and negotiation for the settlement of international trade dispute; ¡ù Having compiled and renewed, with years of practice and experience in international trade, modals of contract for all forms of trade which have been adopted as the standard copies within the business circle; ¡ù Having established the most authoritative and highly integrated data base for the import and export of technology and large scaled complete set of equipment, enabling the company to conduct effective price comparison and cost analysis and intra-business investigation and study;