China EximBank supports CRCC’s improvement plan

The Export-Import Bank of China (China EximBank) has signed a 200-billion-yuan (USD 30 billion) agreement with China Railway Construction Corporation (CRCC) to help the latter increase its competitiveness in railway engineering and equipment manufacturing, and encourage outbound cooperation. Under the agreement, the bank will offer the construction group a wide range of financial services, including credit support and information counseling.
CRCC has constructed hundreds of projects around the world. Chinese-manufactured high-speed trains have been sold to Indonesia, Russia, Iran and India. Currently, China has the world’s longest high-speed rail network, with 22,000 kilometers in operation.

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