China EximBank extends 300 billion yuan of loans

BEIJING (APP): The Export-Import Bank of China (China EximBank) said it has issued 300 billion yuan (43.73 billion US dollars) of loans to the country’s manufacturing industry during the first quarter of this year.
By the end of March, the bank’s outstanding loans to the manufacturing sector came in at nearly 1.9 trillion yuan, including 1.62 trillion yuan of medium and long-term loans.
During the first quarter, the bank supported the upgrading and transformation of key enterprises, and beefed up credit support to foreign trade companies and small and medium-sized manufacturing enterprises.
The China Eximbank is a state-funded and state-owned policy bank supporting China’s foreign trade, investment, and international economic cooperation.
China records expansion in number of EV charging piles in Q1: New charging piles for electric vehicles (EVs) in China saw stable expansion in the first quarter of the year, industry data showed.
Some 632,000 charging piles were added in the January-March period, rising 28.6 percent from the same period in 2022, said the China Electric Vehicle Charging Infrastructure Promotion Alliance.
By the end of March, China had more than 5.84 million charging piles, surging 87.9 percent year on year.
During the first quarter, the retail sales of new energy vehicles jumped 22.4 percent year on year to 1.31 million units.