On April 18, the Xinchengda (Wuhan) Photo-electric Science and Technology Company Limited was set up in the Taiwan Investors' Park in Dongxi Lake, Wuhan.

The company capitalized with 500 million Hong Kong dollars will be able to batch-produce high-tech products such as infrared optic components once it enters into phase-one production. By then, China will end its history of total dependence on imports of such products.

The company's products can be widely applied for national defense, healthcare, aviation and civil security purposes.

Source:Special Commissioner's Office in Wuhan