China National Machinery Industry Corporation Ltd(Sinomach), established in January 1997, is an important State-owned backbone enterprise directly managed by the central government. The group’s primary businesses include four main areas of R&D and manufacturing: mechanical equipment, project contracting, trade and services, as well as finance and investment. Its service scope covers critical national economic fields including machinery, electric power, metallurgy, agriculture and forestry, transportation, construction, automobiles, ship building, electronics energy, environmental engineering.