|Export credit to be brought intoS&ED||"廉价信贷"成中美S&ED新话题|
The U.S. is prepared to bring China’s export credit policies into the third round of the US-China Strategic and Economic Dialogue (S&ED) held from May 9 to 10. It will also give attention to China’s preferential export credit for state-owned companies.
The U.S. 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 China is encouraging, and export credit is not only given to state-owned enterprises, He Weiwen, an economics expert from the China Association of International Trade, told China Business News.
The U.S. and China 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 U.S. but also the EU and Japan hope that China will join an export credit agreement, said a senior researcher from the U.S. Council on Foreign Affairs.
China's business press carried the story above on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.