OREANDA-NEWS. April 26, 2011. Qier Machine Tool Company signed commodity supply contracts with TYHI and other domestic clients with the total contract value of 161 Million Yuan in China International Machine Tool Show 2011, reported the press-centre of Genertec.

All the products provided in the contracts signed in the show are innovative and independently developed and have independent intellectual property rights. The products technologies take the lead in China. And some of the technologies reach advanced international standards.
China General Technology (Group) Holding, Ltd. (abbr. as Genertec) is state-owned company established in March 1998, and has been listed as one of the national, backbone companies since 2000.

Genertec was set up on the basis of six specialized trading enterprises, namely China National Technical Import and Export Corporation (abbr. as CNTIC), China National Machinery Import and Export (Group) Co., Ltd. (abbr. as CMC), China National Instruments Import & Export (Group) Corporation (abbr. as INSTRIMPEX), China National Corporation for Overseas Economic Cooperation (abbr. as CCOEC), China National Medicines and Health Produces Import & Export Corporation (abbr. as MEHECO) and China International Advertising Corp, all of which have a history of about 50 years with accumulated import and export volume of over USD 200 billion and have introduced major equipment and advanced technologies during our national economic development. It,s especially noteworthy that the 156 historic key projects brought in by CNTIC to the nascent China lay the foundation for China,s industrial development. Since reform and opening-up, the main subsidiaries of Genertec have implemented a great many projects of infrastructure building, industrial construction and technology upgrading in various provinces, autonomous regions and municipalities covering all the sectors of our national economy, serving as a locomotive powering the technology upgrading and industrial restructuring in our economy and driving our national economic development.