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The two companies, the new telecommunications stands for "China Telecom", the former general manager of China Telecom Zhou Deqiang command; new CNC stands for "China Netcom Group Corporation", by the newly promoted to the Ministry of Information Industry Xi Guohua, vice minister in charge of the overall situation. Both companies are headquartered in Beijing. Wu delivered an important speech at the meeting of Ministers that the two group was set up to deepen the telecom reform in China to meet WTO requirements, respond to the rapid development of information technology in the 21st century challenges of a major move indicates that China based on telecommunications reform in the previous stage have made new breakthroughs in global strategic restructuring basically completed, and for the formation of fair and efficient competition, and speed up the communication development, promoting national economic and social information of great and profound significance. Xi Guohua, general manager of China Netcom, told reporters that China some time in the past put a lot of energy and time on the companys restructuring and integration, in the conduct of the business to some extent behind the new China Telecom. Therefore, future work should speed up the development work. Leng said the vice president of China Netcom, China Netcom, both the advantages of the integration of environment, but also a disadvantage.