Name: Li Ding
Education: Bachelor’s Degree in Chemistry from the University of Jinan in Shandong
Type of business: President of China General Technology
Main Achievements: Li Dang started at a minor position in a vast company and worked her way to the top on her own
Sth interesting about the person: Li Dang was the assistant to the provincial governor of Shaanxi before she joined China General Technology Holding.
Li Dang is a Chinese businesswoman who was born in Anhui to Li Liang. She is the granddaughter of famed Qing dynasty politician named Li Hongzhang and is a descendant of Li Hung Chang that was a general and diplomat of the Qing Dynasty. With such an essential and rich past, she worked hard and got a bachelor’s degree in chemistry from the University of Jinan in Shandong. She is currently sixty years old and holds the position of President in the China General Technology Group Holding, a state-owned Chinese conglomerate. She has held this position in the company, better known as Genetec, since 2005. The company is responsible for several activities such as equipment manufacturing, pharmaceuticals, real estate, construction, trade and engineering contracts. She also holds the board membership of China General Technology Group Holding. This key position and the vast experience in the field of engineering and construction services has garnered her monumental levels of success. She has been a part of Fortune Magazine’s Most Powerful Women International in 2017 where she was at fourteen and in 2016 where she was at the number thirteen. Moreover, she was also given the seventh position out of fifty in Asia’s Power Businesswomen in 2015.
China General Technology Holding Co. Ltd. was born in 1998. Since then, it has become one of the largest industrial conglomerates in China. It has more than 45,000 employees. It provides diversified products in bulk. The company deals with a retail of several raw materials such as iron and chrome ores, copper metal, mineral products, coal materials, etc. The company also develops and operates finished high-quality products as well, such as equipment for medical health development. It also provides services such as technical consultation, infrastructure construction, and several other kinds of advanced manufacturing. Its China National Machinery subsidiary recently finished a contract of sixty urban rail electric locomotives to Brazil and is planning for ten more.
Dang worked as the assistant to the provincial governor of Shaanxi before she joined China General Technology Holding as a vice general manager in 2000. She worked hard and was promoted to general manager in 2005 and, since then, she has been at the helm of China General Technology, the sprawling state-owned conglomerate known as Genertec, since 2005. Li joined China General Technology Holding in 2000 when the company was barely two years old. She has been an integral part of the company for more than two decades now, and her immense talent as a businesswoman has led the company to have a turnover of 22 billion dollars. The company is currently worth $28 billion despite some tough years that led to a decline in revenue and profits.
Li Dang is also a member of the National Committee of the Chinese People’s Political Conference. She is an avid spokesperson for the conservation of the environment as well. She addressed a conference in the March of 2015 where she spoke about the need for reduction in the manufacturing waste of China’s aluminium, cement, glass, steel, and shipping industries, and, more recently, she also advocated for increased government funding for greener companies.
With Li Dang at the front, China General Technology Holding has ranked at the number 426 in the Fortune Global 500 in 2015 and has been a part of this list given its importance in the global economy. Just in 2014, the company’s revenues increased by 7% while profits climbed 6% too.