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Eximbank Supports Shanghai Urban Construction
China Export and Import Bank (Eximbank) has issued 15.7 billion yuan (about two billion US dollars) of buyer's credit, and 50 million US dollars of saler's credits to export-oriented enterprises in Shanghai since its Shanghai branch established four years ago.
Yu Guozhuang, chief representative of the China Eximbank Shanghai Branch said that efforts made by his bank has strongly supported the export and urban infrastructure construction of Shanghai.
By reloaning foreign fund provided by foreign governments, the China Eximbank succeeded in helping large scale infrastructure construction of Shanghai including the Pudong International Airport, Shanghai Subway, and the third phase project of Shanghai Baoshan Iron and Steel Company.
Yu also disclosed that his bank will provide support for hi-tech projects, information industry development and export this year.
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