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Industry

China’s CASC signs credit deal with state bank

28 September 2017

The China Aerospace Science and Technology Corporation (CASC) has signed a strategic agreement with the Export-Import Bank of China to support its expansion in domestic and foreign markets.

CASC said on 27 September that through the agreement, the bank will provide credit and finance services in support of activities including the development of “high-tech equipment”, exports and foreign trade, major scientific research projects, and civil-military integration.

CASC did not disclose the monetary value of the credit that will be extended to the corporation through the agreement. However, it said, “In the future the Export-Import Bank of China will provide credit and financing support to help China’s aerospace industry develop faster and better.”

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