Export buyers' credit enjoys great development prospects in China

                                     

                                                                            
        The Export and Import Bank of China (Eximbank) hosted a seminar on export buyers' credit on April 25. The seminar focused on policy banks' support to the export of domestic enterprises with export buyers' credit patterns that meet international standards. 
        Eximbank, founded in 1994, is China's only official organization handling export credit.Yang Zilin, President of Eximbank, said that export buyers' credit is a highly professional business with a very short history in China. However, with increasingly more Chinese enterprises participating in international competition, this sector will win recognition from and be adopted by both importers and exporters. 
       Chinese and overseas experts pointed out that export buyers' credit enjoys great development prospects in China as the country's status as a world trade giant increasingly grows. More and more Chinese enterprises are competing in the international market with their new and high-tech products with the constant improvement of China's overall economic strength..