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China Development Bank Triples Huawei Credit Line

C114, 9/23/09

A report issued September 22 said the China Development Bank and Huawei have signed a new strategic partnership agreement in Beijing under which the China Development Bank has pledged to increase Huawei's line of credit to USD 30 bln.

The China Development Bank and Huawei first signed an agreement in 2004 under which the CDB would provide a USD 10 bln loan facility to allow Huawei to expand its overseas market.

Keywords: government support overseas wireless Huawei China Development Bank financing

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