Final answer:
In 2001, the China Association for Quality introduced the Performance Excellence Award to encourage organizations to improve operations, innovation, and customer satisfaction through enhanced quality management.
Step-by-step explanation:
In 2001, the China Association for Quality (CAQ) introduced the Performance Excellence Award. This initiative represents China's commitment to enhancing the quality management and overall performance of its industries.
The Performance Excellence Award is designed to encourage organizations to improve their operational processes, embrace innovative practices, and increase customer satisfaction by striving for excellence in quality and performance. It is analogous to other international quality recognition programs such as the Malcolm Baldrige National Quality Award in the United States and the EFQM Excellence Model in Europe, both of which are aimed at promoting high performance in organizations.