Under a new financing agreement, China Development Bank (CDB) will expand its financing facility for ZTE to US$20 billion. In 2005, CDB and ZTE began their strategic cooperation based on international standard practices, agreeing a facility of US$8 billion. In 2009, the facility was increased to US$15 billion.
The prevailing conditions in the global finance offer new opportunities for CDB and ZTE to deepen their cooperation – CDB will utilise its strengths in integrated financial services to help ZTE achieve its strategic goals, and drive ZTE’s overseas investment and business development in priority sectors
“ZTE will leverage the CDB’s financial support and grasp the opportunities in the markets for 4G, fixed broadband, enterprise networks and terminals, consolidate our advantages and migrate to the higher value solutions, as we aim to achieve a global top-3 position before 2015,” said Hou Weigui, Chairman of ZTE.
Entelechy Asia 