OREANDA-NEWS. May 13, 2011. The second China Industrial Award ceremony was held in the Great Hall of People, Beijing. Baosteel Group Corporation was honored with this award and Group chairman Xu Lejiang accepted the award, reported the press-centre of Baosteel.

Before the meeting, former State Council Vice Premier Zeng Peiyan cordially met the representatives of the award winning corporations and took pictures with them. China Federation of Industrial Economics's honorary president Gu Xiulian, Chinese industrial awards examination committee director and China Federation of Industrial Economics's chairman Xu Kuangdi attended the ceremony and gave out  7 China Industrial Awards for Baosteel and other corporations and 24 China Industrial Recognition Awards. State Chairman of Guoxin asset management company and former chairman of Baosteel Group, Xie Qihua also attended the awards ceremony.

China Industrial Awards is  approved and established by the State Council and is the the highest award in China's industrial field and the most comprehensive, scientific, influential and representational. The awards are given out every three years. This time, the work is led by China Federation of Industrial Economics and joined by national industrial trade associations. 31 industrial corporations (projects) representing new industrialization path with Chinese characteristics and with significant contribution to the development of national economy were selected from eight industries in16 provinces, autonomous regions and municipalities. Among iron and steel enterprises, in addition to Baosteel which received China Industrial Awards, Anshan Steel and TISCO's stainless steel development and application project, Panzhihua Steel's vanadium oxide and vanadium-nitrogen alloy R&D and industrialization projects were awarded China Industrial Recognition Awards.

During the 30 years of its development, with Comrade Deng Xiaoping's "To master new technology, we should be good at learning and innovation" as the spiritual driving force, Baosteel establishes a competitive scientific management system which can fulfill developmental needs  and adheres to open independent integrated innovation. By now Baosteel has formed a unique path of technological innovation and independent innovation system and built a world first class premium steel base and new technology and new material steel base and advanced to the premium ranks of the world steel industry.

Xu Kuangdi expressed warm congratulations to the winning corporatons. He said that the winners had, in their respective industries, realized the spirit of the times: lead by China and created in China, pioneering, scientific, practical and tenacious. "They are the models in implementing the scientific development concept and are the industrial front banners." He encouraged the industrial enterprises to follow the winners as their examples, accelerate the transformation of economic development, vigorously promote scientific and technological innovation, make breakthroughs in common, critical, core industrial technologies, speed up industrial restructuring and product structure adjustment and improve the sustainable development of the enterprise.

In the subsequent 1st meeting of China Federation of Industrial Economics's fifth Council, Baosteel Group Chairman Xu Lejiang was selected chairman of the Bureau of China Federation of Industrial Economics.