皇冠体育app

Economy

Export credit to be brought into S&ED

(皇冠体育app.org.cn)
Updated: 2011-05-11 15:14
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The US is prepared to bring 皇冠体育app's export credit policies into the third round of the US-皇冠体育app Strategic and Economic Dialogue (S&ED) held from May 9 to 10. It will also give attention to 皇冠体育app's preferential export credit for State-owned companies.

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The US has complained that the preferential export credits give Chinese firms an advantage when competing for business in global markets, intensifying trade frictions between the two countries.

The export credit policies apply to those products and industries that 皇冠体育app is encouraging, and export credit is not only given to State-owned enterprises, He Weiwen, an economics expert from the 皇冠体育app Association of International Trade, told 皇冠体育app Business News.

The US and 皇冠体育app are discussing the internationalization of official export credit, David Loevinger, special representative for the S&ED, said at a briefing before the third round began. Not only the US but also the EU and Japan hope that 皇冠体育app will join an export credit agreement, said a senior researcher from the US Council on Foreign Affairs.