(China Daily, Beijing, 11 April 2023) Some of China's large State-owned commercial banks and foreign lenders have continuously consolidated the Belt and Road Initiative and expanded into new areas of business to align with China's new development pattern and advance the country's high-level...
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2023/04/30
Country: China
ECAs: Sinosure
Issue: Debt, Oil, Gas and Mining, Transparency
(Guardian.NG, Abuja, 19 April 2023) Financiers of the Abuja-Kaduna-Kano pipeline have pulled out of the project, citing an alleged 570% inflated contract sum, far above global threshold. Infrastructure and Commercial Bank of China (ICBC), Infrastructure Bank of China and China Export Credit...
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2023/01/30
Country: China
ECAs: Sinosure
Issue: BRIC countries
(Xinhua, Beijing, 14 January 2023) SINOSURE stepped up efforts to boost the country's foreign trade in 2022, data from the company showed on Saturday. The insurer handled underwriting totaling 899.58 billion U.S. dollars for insured businesses throughout the year, serving over 170,000 clients,...
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2022/09/29
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Climate Change
(China Dialogue, London (Beijing?), 22 September 2020) Reform of investment and financing models still needed in order to better support green transitions. On 21 September 2021, China’s president, Xi Jinping, told the UN General Assembly via video link that China would increase support for...
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2022/07/30
Country: China
ECAs: Sinosure
(Xinhua, Beijing, 28 July 2022) China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first half of 2022. The China Export & Credit Insurance Corporation, also known as SINOSURE, had underwritten about 445.13 billion U.S. dollars...
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2022/04/30
Country: China
ECAs: Sinosure
Issue: Climate Change
(Xinhua, Beijing, 17 April 2022) China Export and Credit Insurance Corporation (Sinosure) says it has stepped up support for the country's green industries by providing more export credit insurance. Since the start of 2021, the company has insured over 150 green projects, with the sum insured...
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2022/01/31
Country: China
ECAs: Sinosure
(Global Times, Beijing, 12 January 2022) China's cabinet, on Tuesday called for efforts to ensure domestic supplies of commodities, as part of guidelines to stabilize exports and imports as a countercyclical buffer against uncertainty clouding the trade landscape. Presently, the country's...
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2021/12/31
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Debt
(Global Trade Review, London, 15 December 2021) China’s commitments to financing in Africa are shifting away from giant infrastructure developments and towards developing stronger trade flows and commercial investments, analysts say. At the Forum on China-Africa Cooperation (Focac) in late...
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2021/08/31
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Renewables
(China Daily, Beijing, 9 August 2021) The Chinese government issued a policy on July 16 encouraging Chinese businesses to integrate green development through overseas investment and cooperation. The document, titled "Green Development Guidelines for Overseas Investment and Cooperation", was...
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2021/06/29
Country: China
ECAs: Sinosure
Issue: Climate Change, Oil, Gas and Mining
(Zawya, Dubai, 1 June 2021) The Attarat project will generate 3.7bln kWh of electricity, which can meet nearly one-fifth of Jordan's power demand. The first unit of the world's largest oil shale power plant, located at Attarat um Ghudran, Jordan, is now online, the project's Chinese contractor...
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2021/06/29
Country: China
ECAs: Sinosure
BEIJING, June 5 (Xinhua, Beijing, 5 June 2021) China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first five months of 2021. The China Export & Credit Insurance Corporation, or SINOSURE, served about 139,000 clients in the...
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2020/12/30
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
Issue: Common Approaches, OECD, World Trade Organization
(The Hill, Washington, 17 December 2020) [An example of political influences on EXIM vs the OECD's purely economic free market level playing field.] One year ago, under President Trump’s leadership, Congress came together across party lines to re-authorize EXIM, our nation’s export...
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2020/09/30
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
(EXIM, Washington, 9 September 2020) EXIM announced today the appointment of 17 members to its Advisory Committee, and establishment of a new EXIM Advisory Committee Subcommittee on Strategic Competition with...
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2020/07/30
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
Issue: OECD, Transparency, World Trade Organization
(TXF News, New York, 16 July 2020) The US administration [and corporate media] has drastically upped the ante in its economic war against China with its actions against Huawei. At the same time, US Exim has been charged to not only promote US exports and jobs but also counter Chinese...
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2020/07/29
Country: China
ECAs: Sinosure
(Xinhua, Beijing, 19 July 2020) SINOSURE, China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first half of this year despite the COVID-19 pandemic. The China Export & Credit Insurance Corporation had served over 126,000...
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