12-Dec-2007 9:32 AM
China to sign Cape Town convention on aircraft financing - US government
Analysis
Beijing (XFN-ASIA) - China has agreed to sign up to the Cape Town Convention on aircraft financing, which will reduce the financial risk of cross-border aircraft financing and make it easier for US aircraft and aircraft parts manufacturers to sell their products in China. China confirmed during the US-China Joint Commission on Commerce & Trade meetings that it has already initiated the ratification process.