SASAC Research Center report: Zhongxing series is very stupid and passive.

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 SASAC Research Center report: Zhongxing series is very stupid and passive.


Under the background of trade war, this incident caused many worries. Some people accuse the United States of implementing technology blockade against China, while others are enthusiastic about it as a catalyst for the localization of the chip industry. It is necessary to calm down and take appropriate measures. We should correctly understand the historical stage of our countrys social economy and recognize the gap and the short board of our enterprises and the world - class enterprises. We should not only adhere to independence, but also adhere to the reform and opening up. Adhering to the rule of law and managing enterprises according to law, taking the event of ZTE communication as an opportunity, the central enterprise should make up for the short board in time, and make a good foundation for the next step to participate in international competition and cooperation. In April 16th, the U. S. Department of Commerce announced a ban on any business dealings with Zte Corp within 7 years on the grounds that ZTE violated the settlement agreement reached with the US government in 2017, and the state of affairs is still spreading. As Chinas communications industry is highly dependent on American chips, and ZTE is the largest listed company in Chinas state-owned holding communications equipment, the impact of sanctions on ZTE itself and the industry has brought a lot of impact to other central enterprises. First, the process and reasons of Zte Corps encounter with US sanctions. According to the reasons given by the U. S. Department of Commerce, the strict sanctions on ZTE were made because ZTE violated the US sanctions on the sale of American technology to countries such as Iran and North Korea. In March 2012, the Texas state court was the first to be given ZTE sent a summons letter to the US subsidiary to investigate the Zte Corp. In November 2013, ZTE had found a Wuxi listed company as a partition company in order to avoid us regulation in order to avoid us regulation. In the form of domestic trade, it sold the product to the Wuxi company and then sold it to Iran by the Wuxi company. For the US regulatory authorities, this approach is equivalent to talking about reconciliation on the one hand and committing crimes against the wind on the one hand. In 2016, the Department of Commerce of the United States launched a survey on ZTEs sales to Iran. The Zte Corp made a settlement to the United States government, and the US government hired third parties to the ZTE survey. But in the process of investigation, Zte Corp tried to hide relevant information, which led the US side to distrust Zte Corp. Finally, the three accusations made by the United States government to the Zte Corp included not only the conspiracy of illegal exports, but also the obstruction of the judiciary and false statements to federal investigators, and a criminal and civil fine of about $890 million was made by ZTE. In March 2017, the United States government accused Zte Corp of exporting telecommunications equipment to Iran and North Korea illegally (including American products that were included in the list of export lists) and made a mistake. False statements and obstruction of the judiciary, the Zte Corp agreed to pay a fine of $1 billion 190 million to the United States government for the merger of civil and criminal penalties, and agreed to suspend the implementation of 7 years of export privileges, but if ZTE failed to meet the requirements of the agreement or to violate the US export management regulations (EAR), the limit could be activated. One of the contents of the settlement negotiation is that ZTE is dealing with employees who engage in illegal activities, and the US Commerce Department announced that ZTE not only did not dispose of these employees, but also issued a full bonus, and reported to the US Department of commerce that they had disposed of these employees. Ross, the US Secretary of Commerce, said Zte Corp lied when they were caught, lying on probation, and lied during the observation period. So Damours sword, which hung on the head of Zhongxing, finally fell down. Two, impact on Zte Corp and other enterprises It should be said that in this event, a series of Zte Corp responses are very stupid and passive, and American sanctions may have a high risk impact on Zte Corp itself and other central enterprises. According to statistics, about 20% to 30% of the components of Zte Corp are supplied by the manufacturers in the United States, and the most commonly used components such as high speed ADC/DAC, modulator, high-performance phase locked loop and intermediate frequency VGA are depended on the supply of foreign chip manufacturers and can not obtain the same substitutes at home for the time being. Therefore, once the United States prohibits the procurement of Zte Corp, it is almost equivalent to strangling the throat of Zte Corp. In addition to the procurement of spare parts, Zte Corp also has close cooperation with US companies in the development of mobile phone chips and 5G technology. For example, the ongoing 5G commercial test is closely related to Qualcomm, Intel and other enterprises. After the United States announced a ban on Zte Corp, the UK national network security center also issued a new warning that the telecommunications industry should not use equipment and services from Zte Corp. In addition to ZTE, a lot of people think that the next thing to be stared at is HUAWEI, and HUAWEI is now very worried about the operators who have already talked about it, and it is likely to say that yhuang is yellow at the command of the US government. As a result, the U.S. governments sanctions on Zte Corp are likely to extend to companies associated with all ZTE companies, whose upstream and downstream businesses may be involved, even to all businesses in the industry. To a certain extent, not only the communications industry, but also the state-owned enterprises. Many domestic enterprises are paying a painful price for the short sight and dishonest operation of the Zte Corp, and the diplomatic distribution and national image of our country are also inevitably affected. Three. Lessons and suggestions to be drawn ZTE has been sanctioned by the US government, and its subsequent impact is difficult to estimate. Some people think it may be devastating because ZTE relies too much on chips imported from the United States. Lack of core is a difficult situation facing the domestic industry. Under the background of trade war, this incident has caused many worries. Some people accuse the United States of implementing technology blockade against China, while others are enthusiastic about it as a catalyst for the localization of the chip industry. It is necessary to calm down and take appropriate measures. We should correctly understand our gap and short board, adhere to independence and persist in reform and opening up. Adhering to the rule of law and managing enterprises according to law, taking the event of ZTE communication as an opportunity, the central enterprise should make up for the short board in time, and make a good foundation for the next step to participate in international competition and cooperation. The proposed measures are as follows: (1) at the level of national policy 1, persist in reform and opening up, and never walk the old road of closed door. General secretary Xi Jinping pointed out at the 2018 annual meeting of the Boao forum for Asia: the second revolution in Chinas reform and opening up has not only profoundly changed China, but also profoundly affected the world. Profoundly expounded the importance of reform and opening up to the development of our country and the world. We should clearly see that under the current world division of labor, China is the beneficiary of the current world division of labor, but in the process of reshaping the value chain system of the world division of labor, we still have a long way to go, and we must not go back to the old way of closing the country because of the various challenges. Only by speeding up the pace of opening up, promoting reform through opening up, and promoting development through reform can we shorten the gap between China and the advanced countries in the world step by step. 2, strengthen key industries and key technologies. Historical experience and reality tell us that core technology and core competitiveness can not be bought. The real core competitiveness needs to be nurtured and innovating. Our country has completed two bombs and one star in the most difficult period, after which ultra high voltage transmission, new nuclear power technology and high speed iron technology are all accomplished through the advantages of the whole nation system and the exertion of centralized power. On the one hand, we should actively introduce new technology and implement follow the following tactics on the one hand, and on the other hand, we should focus on the key technologies that have a larger and longer impact on the industrial chain. To strengthen scientific research, we need to reform and innovate the system, form an atmosphere of respecting knowledge and respecting talents in the whole society, and vigorously improve the remuneration incentive for scientific research teams. Most of the state key laboratories are located in central enterprises, so as to stimulate the vitality of enterprises independent innovation. 3 do a good plan for temporary assistance to related industries. The Zte Corp, as the leading domestic industry, can affect the whole industry because of the violation of the rules. It may have an impact on the three major telecom, some foreign trade companies, and all the supporting enterprises. Because Chinas chip industry is seriously affected by western developed countries, the domestic market concentration of communication industry is high, there may be more related transactions, so there is an enlarged risk. In particular, Zte Corp is a relatively sensitive military industry group, a subsidiary of Aerospace Science and engineering group. It is necessary to fully estimate the subsequent impact on the group. 4, strengthen the supervision of major matters by investors and prevent insider control. As a state-owned listed company, Zte Corp has carried out high-risk business activities for a long time, to some extent, indicating the absence of supervision. This event again shows that the principle of three combination, three unity and three separation must be adhered to in the management of state-owned assets based on the management of capital. The management of capital must be combined with the management of corporate corporate governance and the corresponding management and management. Supervision of major matters of enterprises is inevitable, and supervision will inevitably become a mere formality and trigger the risk of insider control. 5, cultivate an atmosphere of integrity management and strengthen corporate legal training. The legal affairs of the Zte Corp are not established. It was reported that in 2012, the Texas state court issued a call to ZTEs subsidiary in the United States. Before the investigation of ZTEs case, the Zte Corp Ministry of law, in 2009, expected the company to face risks in the export trade, and submitted to the company leadership on the 25 August 2011, on the overall rectification and the overall consolidation, Standardize the companys export control related business report, and later, leaders should request the risk control plan for import and export control. Unfortunately, the two documents have not been implemented. Instead, they have fallen into the hands of the US government and become evidence that ZTE intends to circumvent the US export control policy. In addition, the Zte Corp high-level visit to the United States, the chairman of the Secretary computer on the Iran export equipment conference records, high-level decision-making, and so on by the United States customs inspection stopped, according to the state regulations to such confidential information is absolutely not allowed to go abroad! From this we can see that the leaders of Zte Corp have no legal awareness and sense of secrecy. Its frequent involvement in illegal operations is itself related to the low integrity of the domestic society, and has brought the domestic integrity to foreign countries. Therefore, it is urgent to establish a social atmosphere of respecting intellectual property rights and respecting the law. In particular, we should strengthen the legal education of going out enterprises, know the law and understand the law, and all business activities should be carried out under the legal framework. 6, to strengthen the guidance of the basic public opinion. The nineteen party clearly pointed out: our country is still in the long term and will be in socialism for a long time. The basic national conditions of the primary stage have not changed. Our country is the largest developing country in the world and its international status has not changed. In the guidance of public opinion, we need to face up to the historical development stage of our country, face the huge gap between China and the developed countries, insist on keeping a low profile, and avoid exaggeration of vanity at any time, quick success and immediate success and self deception. The reform and development of the central enterprises must face up to the gap with the world-class enterprises, and work hard to catch up and lead the transformation and upgrading of our industry. 1, change the mode of growth and actively implement innovation driven development. In July 2015, Xi Jinping observed in Jilin enterprise, innovation is the source of enterprise power, quality is the base of enterprise, management is the foundation of enterprise survival, we must grasp innovation, quality, management, and always grasp the initiative in the fierce market competition. We should thoroughly implement the strategy of innovation driven development, put more emphasis on promoting innovation, and give full play to the multiplier effect of innovation on development. In the current fierce market competition at home and abroad, the central enterprises must change the way of growth, accelerate the innovation and development and cultivate the core competitiveness in order to lay a good foundation for the world - class enterprises with global competitiveness. The central enterprises should take the Zte Corp incident as a lesson to further improve the corporate governance structure, and form self-restraint, self development and dynamic internal mechanism to eliminate internal control. On this basis, we should improve the implementation of various rules and regulations and carefully check the operational risks, especially foreign-related risks. The major risks should be reported to the group company and the SASAC in time. 3, adhere to the combination of going global and bringing in to cultivate world-class enterprises with global competitiveness. The central enterprises to accelerate the pace of going out, make full use of the integration of domestic and foreign two markets and two resources ability, especially should play a main role in the service of The Belt and Road.