On December 30, the Jiangsu Provincial Department of Industry and Information Technology announced the list of Jiangsu Provincial Model Enterprises of Management Innovation 2018. Three companies of Changzhou, including KTK Group, Guangyang Bearing Group and Youon Technology Co., Ltd. are on the list.

In order to thoroughly implement the decision-making arrangements of the CPC Jiangsu Provincial Committee and the Provincial Government to promote the structural reform of the supply side, as well as the guiding principles of the Opinions on Guiding Enterprise Management Innovation to Improve Quality and Efficiency issued by the Ministry of Industry and Information Technology (MIIT), the Provincial Department of Industry and Information Technology launched the identification of provincial model enterprises of management innovation, in order to direct enterprises to develop potentials, reduce costs and increase efficiency by means of internal innovation. Through the procedures of independent application by enterprises, review and recommendation by cities, on-site review by experts, credit consultation and the final public notice, a total of 24 enterprises in the province were selected into the list of Jiangsu Provincial Model Enterprises of Management Innovation 2018.