Preface

Since its establishment in 1980, China great Wall Industry Corporation ("CGWIC") has been always adhering to the strategy of "Developing aerospace industry, improving products for civilian use, working for more and better economic results and keeping up with the world ", and sticking to the benefit-oriented principle. As a result, CGWIC has played a key role of the main channel for foreign trade and economic cooperation for China's aerospace industry; the capacity of the corporation has been improved a lot; the fame at home and abroad has been raised; the development of the multiple businesses has been promoted; a diversified business pattern has been preliminary formed, which includes trade, industry, capital management, engineering contracting, satellite application, property management, exhibition, transportation and tourism.

Import and Export

As the main foreign trade and economic cooperation channel for China aerospace industry, CGWIC has reached a considerable volume of import and export in a wide area while it develops its main business of aerospace industry and technical trade. During the recent years, CGWIC's annual gross value of import and export has been stabilized around USD400 millions. CGWIC has identified itself with the international service trade and import and export of mechanical and electrical products in the world. The import of aerospace technology is the emphasis of CGWIC's import business. The headquarters, specialized companies, regional companies are all engaged in import and export business. Its export business has reached almost sixty countries and regions, which include Asia, Africa, Europe, North America, South America, Australia and Pacific islands. Among them, more than 20 countries and regions are in Asia, 11 countries in America and 17 countries in Europe. The main countries are Japan, the U.S.A., Russia, Korea, Britain and Italy. Besides international commercial satellite launch services and the export of the complete sets of mechanical and electronic products, export in general area also covers textile, ferrous metal, various machinery, furniture and chemical materials etc. Since its establishment, CGWIC's gross value of import and export accumulated during the past 22 years has hit USD 7200 millions.

The Chart of CGWIC's Trend of Import and Export Gross value from 1980 to 2002 (Unit: USD10 thousands)