(China Economic Net, Beijing, 18 April 2012) According to statistics from China’s General Administration of Customs, China’s export in the first two months of this year amounted to US$533.03 billion, trade deficit totaling at US$4.25 billion… China’s export credit insurance has been developing rapidly. In 2011, the underwriting amount of export credit insurance reached US$216.24 billion, accounting for 23.6 percent of China’s general export amount in the same period, and 11.4 percent of the total export amount in the same period, much higher than international average. The underwriting volume of medium- to long-term export credit insurance reached US$10.76 billion, an increase of 11.6 percent.
