The Export-Import Bank of China (China Eximbank) has teamed up with Anshan
Iron and Steel Group Corp to help the company with overseas investment and
imports of advanced technology and equipment over the next three years.
The steelworks, based in Anshan of northeast China's Liaoning province, produces 700 kinds of steel products used
in the metallurgic, construction, petrochemical, space, shipbuilding, automotive
and defense industries.
Last year, the company exported high technology
products worth 1.7 billion U.S. dollars, 60 percent of which were supported by
China Eximbank's export credits.
The state policy bank, established in
1994, has granted export and import credits worth 40 billion yuan (5.13 billion
U.S. dollars) to the three provinces of Heilongjiang, Liaoning and Jilin in northeast China by the end of 2006.
Meanwhile, the bank has supported 13 billion U.S. dollars worth of
exports of mechanical, electrical and high technology products manufactured in
the country's old industrial base.
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