China EximBank ups credit support to foreign trade industry

BEIJING - The Export-Import Bank of China (China EximBank) said it provided greater credit support to shore up the foreign trade industry in 2022.

By the end of 2022, the bank's outstanding loans to the foreign trade industry was 2.87 trillion yuan ($423.92 billion), up 470 billion yuan from the beginning of the year.

The outstanding loans in yuan and other currencies of the lender topped 5 trillion yuan as of the end of last year, up over 12 percent from the beginning of 2022.

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