Milestones

Milestones: 1986

(China Daily)
Updated: 2009-09-30 05:12

-- The State Council launches reforms for State-owned enterprises (SOEs) by allowing multiple operating methods.

-- The Shenyang Explosive Devices Plant declares bankruptcy, the first SOE to do so since 1949.

-- The central government maps out a strategy to develop several hi-tech programs, including biotechnology, aviation, information technology, automation and new materials.

-- Computer scientist Liu Chuanzhi and 10 colleagues found the first private hi-tech company, which grows into the multinational Lenovo.