China's soft loan benefit 76 States financial crisis intensified

This year marks the 60th anniversary of China's foreign aid, began in 1995 in the lending business is an important component of external assistance, the way the State aid reform needs, as well as China and the developing countries and the deepening of friendship and cooperation relations and rapid development.

As of the end of 2009, the Chinese Government to recipient Governments provide preferential loans for a total of 770 billion yuan, the export-import bank sign loan agreement accumulates 594 million supports a total of 76 countries 325 projects; a total of 333 million loans, bad credit rates only 3.82%.

Chinese lending of recipient countries mainly in Asia in the surrounding area, Africa, Latin America, including heavily indebted poor countries accounted for 37%. These countries is not the total economy, economic weakness, solvency is relatively weak.

15 years, China provided "as is" without any political conditions of lending for recipient countries to improve the infrastructure, the promotion of industrial upgrading, expanding employment, increase revenue, improve social welfare has played an important role in special, well received by the recipient Government and the public.

Especially the international financial crisis, China's concessional loans and other foreign investment activities, related policy of transparency, the World Bank and other international organizations a positive reaction to the growing number of loans approved and must gradually increase.

According to incomplete statistics, as of the end of 2009, China has already delivered to the recipient countries of 157 lending the project accumulated for recipient countries to increase various tax of about 3 billion, increasing employment opportunities for 30 million, driven by recipient countries count more than 300 enterprises, increase in recipient countries export more than 16 million.

In the direct help recipient countries to address the development of the required funds at the same time, lending through its unique demonstration effect, indirectly contributed to the Chinese enterprises to expand investment in recipient countries. Many Chinese have strength of enterprises through responsible lending project into the international market, to further expand their business, expand investment and cooperation.

According to statistics, approximately 85% of China perform enterprise lending project in local or the follow-up project has launched a new investment project. Lending project total driving China 18 billion in foreign investment, the average per-project lead of about US $ 20 million investment.