China, Europe to Promote All-round Sino-Russian Trade Growth

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Last updated at: (Beijing Time) Friday, October 11, 2002

China, Europe to Promote All-round Sino-Russian Trade Growth

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The European Bank for Reconstruction and Development (EBRD) and the China Export and Credit Insurance Corporation (SINOSURE) on Thursday outlined plansto promote trade between China and central and eastern Europe.

SINOSURE will provide special policies for Chinese firms which plan to export to the region, while the EBRD will provide analysesof Russian politics, economic systems and markets.

China's credit and insurance plans would encourage firms to increase exports to Russia and sharpen competition, said Zhu Jing'an, general manager in charge of SINOSURE sales.

"We hope to stimulate China's exports to central and eastern Europe by providing preferential measures, such as offering low interest loans and extended longer terms," said Rudolf Putz, a senior banker with the EBRD.

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