OREANDA-NEWS. December 30, 2011. China Independent Innovation Conference was held in Beijing. Member of the Political Bureau of the CPC Central Committee and State Councilor Liu Yandong attended and addressed the conference. In the conference, Baosteel was awarded the title of "China Top 10 Innovative Enterprises".

The conference was sponsored by Economic Daily with the theme of "China innovates to respond to the changing world economy". The conference releases "Assessment system of innovative city and low carbon city" and "Assessment system of innovative enterprises and innovative individuals", and commended 2011 top 10 innovative cities, top 10 low carbon cities, top 10 innovative enterprises and top 10 innovative individuals, etc. 10 enterprises including Baosteel, China Aerospace Science and Technology Corporation, China South Locomotive and Rolling Stock Co., Ltd. etc. were awarded the title of "China Top 10 Innovative Enterprises".

The selection of innovative enterprises is based on the assessment of innovation inputs, innovation process management, competitive advantages, technical and financial performance, etc., and the focus of investigation is put on the outstanding achievements and performance in the fields of technical innovation capability construction in the recent 5 years. With its comprehensive advantages in innovation, management and technology, etc., Baosteel is selected into "China Top 10 Innovative Enterprises".