Illustration: Kakuen Lau
Hobbled US Import-Export bank is given new life to battle an aggressive China
- As concern over China’s state-subsidised financing grew, the US reopened its Export-Import Bank and created the US International Development Finance Corporation
- The bank, known as Exim, provides loans, guarantees and financing insurance ‘fully competitive with rates, terms and other conditions’ established by Beijing
Topic |
US-China relations
Illustration: Kakuen Lau