“China EximBank releases bailout funds of over 76.3 bln yuan

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the export-import bank of china (china eximbank) released over 76.3 billion yuan (about 11.85 billion u.s. dollars) of special bailout funds to companies last year. the funding mechanism, established at the beginning of , has aimed to support companies stricken by covid-19 and trade frictions with a focus on sectors related to foreign trade and manufacturing. as one of the sectors bearing the brunt of the pandemic, the air transport industry saw ten of its major firms receive more than 17 billion yuan of such funds in . the china eximbank is a state-funded and state-owned policy bank dedicated to supporting china's foreign trade, investment and international economic cooperation.

(编辑器:富博)