Large, state-controlled lenders China Development Bank Corp. and Export-Import Bank of China are planning to pitch dim-sum bonds in London to investors, said people familiar with the matter.
Sovereign wealth funds and countries like China who export a lot more than they import and need a place to stash their excess capital have likewise been glad to lend me some cash.
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Similarly, retail industry leaders like Wal-Mart are typically adept at handling crises involving their supply chains, from problems related to domestic business partners to import and export issues triggered in China or other geographies.
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Abandoned by the former Harrah's Entertainment Inc. in 2008, Baha Mar last year found a new financial backer in the Export-Import Bank of China and a builder in China State Construction Engineering Corp.
Over the past few years, state-owned financial institutions, mainly the Export-Import Bank of China and the China Development Bank, have extended tens of billions of dollars to Brazil, Russia and Kazakhstan, among other countries.
It is currently cheaper, an Indian businessman says ruefully, to export plastic granules to China and then import them again in bucket-form, than it is to make buckets in India.
It also has agreed to knock out the compulsory middlemen, the bane of businesses trying to penetrate China, who currently have the sole right to import, export and distribute products.
This axiom also applies nationally, in that China's policy has traditionally been to export the maximum and import the minimum.
China is a prominent export-processing economy, which means that its factories import lots of raw materials and intermediate goods to stoke the machines and processes that manufacture and assemble the finished goods it exports to the United States and elsewhere.
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At the giant China import-export fair in Guangzhou this week almost everyone I spoke to said orders from Europe are falling and that's hurting China's exporters.
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