Published: 14:25, September 25, 2022 | Updated: 14:25, September 25, 2022
China EximBank increases loans to foreign trade industry
By Xinhua

This undated file photo shows containers waiting to be shipped at a port in the Beibu Gulf in the Guangxi Zhuang autonomous region. (PHOTO PROVIDED TO CHINA DAILY)

BEIJING - The Export-Import Bank of China (China EximBank) offered 1.25 trillion yuan (about US$178.78 billion) in loans to the foreign trade industry in the first eight months of 2022, up 26.03 percent year on year.

By the end of August, the bank's outstanding loans to the foreign trade sector rose 18.23 percent compared with last year to reach 2.73 trillion yuan.

The bank said this year it had stepped up credit issuance to key foreign trade links such as ports, docks and airports.

China EximBank is a state-funded and state-owned policy bank supporting China's foreign trade, investment, and international economic cooperation. 

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