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Export credit insurance supports exports to emerging markets
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16:44, July 03, 2009

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At present export credit insurance coverage on China's general export trade is around 10 percent. In June there was a significant increase in the number of relatively long-term credit insurance policies signed, which strengthens the support for exports to emerging markets in particular.

Short-term export credit insurance supported 4.23 billion USD of exports to emerging markets in June, up 171.4 percent month-on-month.

It is expected that 84 billion USD of short-term export credit insurance will be allocated this year in the State Council's executive meeting. The realization of this goal will directly boost 50 billion USD of exports and secure more than 10 million jobs in relevant industries.

Short-term export credit insurance policies increased by 8.79 billion USD in June, up 102.2 percent year-on-year and surpassing the total recorded in the first quarter of this year. New policies signed in June grew by 58.4 percent month-on-month, 3.6 times more than policies signed over the same period last year.

By People's Daily Online

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