Missile maker to offer $6.7b deals online

Aerospace giant CASIC also invites private firms to take part in its commercial rocket project

One of China's largest State-owned defense contractors will announce outsourcing deals worth tens of billions of yuan later this year, a move that is expected to benefit the country's private enterprises.

China Aerospace Science and Industry Corp, the nation's largest missile manufacturer, said in a recent statement that it will procure 43 billion yuan ($6.7 billion) worth of products and services from Chinese companies through CASICloud.com, one of China-based international industrial platforms.