China's short-term export credit exceeds US$84 billion

(China Knowledge, Shanghai, 23 December 2009) - China's short-term export credit doubled year on year to US$86.23 billion in the period from Jan.1 to Dec. 14, according to China Export and Credit Insurance Corp. Export credit insurance amounted to US$110.03 billion, with indemnity of US$440 million by Dec. 18. Short-term export credit was US$86.23 billion, up 121.5% year on year.