U.S. lags in export financing arms race fuelled by China - EXIM report


  • World
  • Friday, 28 Jun 2019

WASHINGTON (Reuters) - China provided as much as $138 billion (£109 billion) in government export financing support in 2018, dwarfing every other country and fuelling a new export lending arms race, the U.S. Export-Import Bank said in a report on Friday.

"China stands in a league of its own as a provider of export and trade-related finance," EXIM said in its annual competitiveness report to Congress.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Croatian ruling party wins election without majority
Prince William returns to public duties after wife Kate's cancer revelation
U.S. stocks retreat on little progress in fighting inflation
Roundup: U.S. crude supplies up, other petroleum data mixed
U.S. oil imports, exports up last week
U.S. crude oil production unchanged last week
Feature: Growing translation efforts fuel popularity of Chinese literature in T�rkiye
UNHCR provides medical assistance to healthcare centers in Libya
'We will teach by candlelight': Argentine students and teachers protest Milei budget cuts
Chinese ballet to illuminate Dutch stadium

Others Also Read