CNMEIEC Export Trade Given RMB$5 Billion of Support ĦĦĦĦThe Import & Export Bank of China has signed earlier a RMB$5 billion worth "Frame Agreement on Issuance of Seller's Package Credit Loans" with China National Machinery Equipment Import & Export Corporation. ĦĦĦĦThe China National Machinery Equipment Import & Export Corporation (CNMEIEC) is a large export-oriented Chinese enterprise going in mainly for import and export trade of electric appliances, machinery and complete sets of equipment in China. The Import & Export Bank of China has in past years provided the former with a total of RMB$2.1 billion of seller's credit loans in helping the Corporation develop export trade of electric appliances, machinery and complete sets of equipment. The said RMB$5 billion yuan of "Seller's Package Credit Loans" agreed by the Import & Export Bank of China will also be used mainly to help the China National Machinery Equipment Import & Export develop export trade of electric appliances, machinery and complete sets of equipment. Economicnews 1999-02-15 Page2 Full Story in Chinese