BEIJING -- China Electronics Technology Group looks to absorb a fellow state-owned enterprise and create what would be the country's third-largest information technology company, with annual revenue topping $50 billion.
The target is China Putian Information Industry Group, better known as Potevio. Both China Electronics (CETC) and Potevio are among China's so-called central companies -- a set of fewer than 100 enterprises directly controlled by the central government -- and suppliers to the military.
