ExIm Bank President Announces New Program to Counter China

WASHINGTON (EXIM Bank PR) – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today hosted a teleconference roundtable discussion with over 180 business leaders and stakeholders in the space technology sector. The event was the fifth teleconference in EXIM’s “Strengthening American Competitiveness” initiative, which provides valuable stakeholder input to EXIM’s new Program on China and Transformational Exports.

On the call, Chairman Reed highlighted how EXIM’s partnership with the private sector can provide new economic and security opportunities for U.S. companies. She also underscored EXIM’s commitment to accelerating the success of American companies in this key sector.

(more…)

China Making Aggressive Moves to Dominate Commercial Space Sector

China satellite launch

Continuing our look at the U.S.-China Economic and Security Review Commission’s 2019 Report to Congress, we examine China’s growing commercial space industry. [Full Report]

by Douglas Messier
Managing Editor

China is using aggressive state-backed financing to capture increasing shares of the commercial launch and satellite markets, making it more difficult for American companies to compete and threatening to hollow out the U.S. industrial base.

China is also leverage “military-civil” fusion to create a burgeoning commercial space sector by providing substantial state support. Nearly 90 new space companies have been created since 2014, most of which enjoy the support of the Chinese military, defense industrial base, or state-owned research and development institutions.

(more…)