The Import and Export Bank of China (China Exim Bank) has granted US$20
billion of supportive fund to promote Chinese imports from other
countries, a bank official said on Thursday.
China Exim Bank will step up such support, said the bank’s governor Li
Ruogu at a press briefing during the 17th National Congress of the
Communist Party of China.
China’s trade surplus hit USE$185.65 billion in the first nine months,
surpassing the US$177.47 billion for the whole of 2006, according to
the General Administration of Customs.
China Exim Bank, established in 1994, serves as a state policy bank
aimed at boosting China’s foreign trade and economic cooperation by
providing policy financing service, onlending foreign government loans and
lending the Chinese Government Concessional Loan.