China National Electronics Import and Export Corporation, the largest foreign trader of electronics in China, is a comprehensive foreign trade enterprise with import and export of electronic technology and products as well as other services. ¡¡¡¡The company, established on April 15th,1980, now has 56 solely-funded and proprietary subsidiaries both at home and abroad, 5 offices abroad and more than 200 joint ventures. By the end of 2000, CEIEC, with its total assets reaching RMB 8.4 billion yuan, had brought about the total sales income of RMB 7.5 billion yuan and the gross profit of RMB68.65 million yuan. CEIEC, at present, owns a staff of 4500, among them, 3,700, equal to 82% of the total, have university or college degree.