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Fast expansion
By Wang Yanlin |
November 15, 2012, Thursday
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Print Edition
Print Edition
THE policy value of Shanghai's export credit insurance surged 41.8 percent from a year earlier to US$19.87 billion in the first 10 months of this year, the Shanghai Branch of the China Export and Credit Insurance Corp said yesterday. The fast expansion was achieved under China's strategy to better use this insurance product to help traders control risks. Short-term export credit insurance grew even faster by 45.6 percent to US$17.28 billion, surpassing last year's overall value.
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