The ratings on Export-Import Bank of China (China EXIM), which are identical to those assigned to the People's Republic of China (PRC), reflect the bank's policy role in promoting export financing, and the strong support from the PRC. The ratings also reflect China EXIM's key role as the country's conduit for foreign official funding for projects within China, as well as for Chinese government concessional lending to other countries. As one of three policy banks established in 1994, China EXIM provides financing and insurance products for projects in the export sector. Its mandate to promote Chinese exports, mainly capital goods, makes it an important instrument of government policy, especially in light of the current global economic slowdown. The bank is
