Miao Wei
| Miao Wei | |
|---|---|
| 苗圩 | |
| Minister of Industry and Information Technology | |
|
Assumed office December 2010 |
|
| Premier |
Wen Jiabao Li Keqiang |
| Preceded by | Li Yizhong |
| Personal details | |
| Born | May 1955 (age 61) |
| Political party | Communist Party of China |
| Alma mater |
Hefei University of Technology Central Party School |
Miao Wei (Chinese: ; born May 1955) is a politician and business executive of the People's Republic of China. He is the Minister of Industry and Information Technology and former Communist Party Chief of Wuhan, capital of Hubei province. Prior to that Miao was President of Dongfeng Motor, China's then second biggest carmaker. He was credited with rescuing Dongfeng from near bankruptcy and turning it into a profitable company.
Miao Wei is a native of Beijing. Beginning to 1974 he worked as a rusticated youth in rural Feixi County of Anhui province. After the Cultural Revolution he was admitted to Hefei University of Technology in 1978, where he studied at the department of the internal combustion engine, graduating in 1982. He joined the Communist Party of China in September 1984.
After college Miao worked for the China Auto Import-Export Corporation for ten years. By the age of 30 he was deputy manager for the company's sales division as well as the manufacturing division. In 1993 he was transferred to the then First Ministry of Machine-Building Industry, where he was the Deputy Director of the Automobile Department until 1995 and Assistant General Engineer for the next two years.
In September 1997 the central government transferred Miao to the government-owned Dongfeng Motor Corporation to lead its turnaround effort. Then China's second-biggest carmaker, Dongfeng had 120,000 employees and lost over 500 million yuan in 1998. Miao implemented radical reforms at Dongfeng, adopting Western management methodology and establishing alliances with foreign carmakers Nissan and PSA Peugeot Citroën. The company turned a profit within two years, and by 2003 its profits had rocketed to 6.1 billion yuan. In 2004 BusinessWeek nominated Miao Wei as a "Star of Asia" for "transform[ing] Dongfeng from an almost bankrupt military truck maker into a profitable manufacturer of both trucks and passenger cars."
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