China issued 1.25 trillion yuan in foreign trade industry loans in the first eight months, according to statistics released by the Export-Import Bank of China.
As of the end of August, the Export-Import Bank of China registered 2.73 trillion yuan in the balance of foreign trade industry loans, a year-on-year increase of 18.23%.
From January to August, China issued 1.25 trillion yuan in loans to foreign trade industries, a year-on-year increase of 26.03%.
Since the beginning of this year, the Export-Import Bank of China has introduced a number of relief policies and measures, and accelerated the issuance of foreign trade loans by continuing to increase the credit extension to key areas such as ports, wharfs, airports, China-Europe freight train assembly centers, multimodal transport, interconnection, coastal areas, foreign trade agglomeration areas and trade promotion platforms.
In the meantime, China has actively supported foreign trade enterprises to stabilize orders and markets by formulating comprehensive financial solutions for new business types including foreign trade comprehensive service enterprises, cross-border e-commerce, and overseas warehouses, to meet the needs of enterprises for diversified and personalized financial services.
