Export-Import Bank of China to Offer Loans to Taiwanese Businesses

(CENS, Taipei, 30 August 2006) With the imminent expiration of the transitional period for China’s WTO membership, and foreign exhange reserves about to pass US$1 Trillion, Chinese state banks have started to seek business opportunities due to their sense of crisis. With production greatly exceeding domestic demand and a flood of money washing into an already loose credit system, a glut of construction in China is raising fears of a crash.