Reporters' Log

Exim Bank to issue 200b yuan in new loans in 2009

By Xin Zhiming and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-10 16:25

The Export-Import Bank of China, or China Exim Bank, will issue more than 200 billion yuan ($29.23 billion) in new loans this year to give a financial boost to the country's exporters and economy, a top executive said Tuesday.

And the country's exports, which have witnessed a steep drop in the past several months, will rebound in the second half of this year, said Li Ruogu, the bank's president.

China Exim Bank issued 180 billion yuan in new loans in 2008.

The bank's outstanding loans amounted to 600 billion yuan by the end of last year, according to its website.

Its non-performing loans accounted for 1.52 percent of its total lending.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more