The mainland's Export-Import Bank is to increase credits for electronics and machinery manufacturers to boost exports and ease devaluation pressure on the yuan, according to Business Weekly. Other banks are also expected to provide increased assistance to exporters. Commercial banks are being encouraged to make loans to mainland partners of cash-strapped but healthy joint ventures. Yuan loans to foreign-invested firms will also be more easily available, the paper said, quoting Liu Mingkang, deputy governor of the People's Bank of China. According to official figures foreign-funded companies accounted for 42 per cent of mainland exports. Credits will be given to companies making easily marketable goods and special favour will go to firms with a strong overseas presence. Export tax rebates on key items have been raised three times this year in an effort to boost exports and compensate for the slump in Southeast Asian markets. Mr Liu said that net exports made up 1.9 per cent of the gross domestic product figure of 8.8 per cent last year.