BEIJING, July 6 (Xinhua)
-- The Export-Import (Exim) Bank of
China, the official credit agency to
finance the export of Chinese goods
and services, said Saturday that it
extended 400.3 billion yuan (64.8 billion
U.S. dollars) of credit in the
first half of this
year.
In the first six
months, the state bank approved
on-balance-sheet loans totaling 408.5 billion
yuan and signed loan contracts valued
at 516.7 billion yuan, according to
data released at the bank's
work conference.
In the same
period, export products and projects
with a total value of 151.9 billion
U.S. dollars received funding from
the bank, up 49 percent year on
year, the data show.
The
bank will direct more credit support
to industries that are key to
China's economic restructuring, according
to the bank's governor, Li
Ruogu.
By the end of
June, Exim Bank of China's
total assets reached about 1.94 trillion
yuan, with the loan balance of
its on-balance-sheet lending standing at 1.38
trillion yuan, according to the
bank.
