Yan Zhongqing, deputy General Manager of the Long March Launch
Vehicle Technology Co., Ltd., said May 14 that his company has
currently speeded up its integration with the market to transfer
some military technology for civil use.
Yan indicates China's
rocket carrier technology has reached the advanced world level.
During the "10th Five-year Plan" period, China will
make breakthroughs in the manned space technological field
and will, therefore, need huge amounts of financial support.
For a long time in the past, high and new technology has all
along relied on the State's financial support. After the company
is integrated with the capital market, it can quickly absorb
funds. The acquisition of a high rate of returns from the
transfer of military high technology to civil use not only
can bring about a rapid elevation of the research level, but
also will stabilize the contingent of professionals.
The Long March
Launch Vehicle Technology Co., Ltd. has successfully become
a listed company through merging itself with the Wuhan Cable
Co., Ltd. two years ago.
Yan said that relying
on its high-tech achievements, the company had developed hundreds
of high-tech civil products with broad market prospects during
the Ninth Five-year Plan period.
The company is
currently giving a striking show at the exhibition of the
Beijing International Week, widening people's horizons with
various kinds of civil products like electronic transportation
maps, sensors, satellite positioning and navigation apparatus
and high-definition satellite TV receiver.
(People's Daily
05/15/2001)
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