China's Support For Textile Exports Is 19 Billion 860 Million US Dollars This Year.

In 2010, China Export and Credit Insurance Corp made full use of its policy functions in accordance with the requirements of the state's policy and measures to improve export credit insurance, and further improved the coverage of export credit insurance. As of December 24th, the insurance coverage of China's short-term export credit insurance exceeded the US $150 billion mark. At the same time, it has also achieved fruitful results in supporting the export of seven key industries, such as electrical and mechanical, hi-tech, automobile, light industry and textile industries. It has achieved the goal of promoting export financing with insurance and financing.

　　
In order to implement the ten major industrial revitalization plans and related industrial policies, China has established seven key supporting industries, such as Electromechanical, high-tech, automobile, light industry, textile, agricultural products and medicine, adopting positive underwriting policies, giving priority to the seven key industries, and actively guiding enterprises to adjust the structure of export products. In the 1~11 months of this year, short-term export credit insurance supported the export of electromechanical products by US $71 billion 790 million, an increase of 88.6%, and supported the export of electronic information industry by US $41 billion 70 million, an increase of 101.2%. Textile products Exports of $19 billion 860 million, an increase of 72.1%; support for light industry exports $13 billion 150 million, an increase of 102.3%.

　　
As of December 24th, China's total insurance coverage amounted to US $181 billion 170 million, paying us $320 million to the enterprises, and the number of customers increased by 42.7% over the same period last year. In the 1~11 months of this year, China's credit insurance helped enterprises get 170 billion yuan of bank financing, and the proportion of export credit insurance accounted for 25.9% of China's general trade export volume, which was 7.3 percentage points higher than that of 2009.

　　
Since this year, China's Xinbao has continued to implement a positive underwriting policy, which has directly stimulated exports to emerging markets and some long-term accounts. 1~11 months, short term export credit insurance supports exports. Russia, Brazil, India And other emerging market countries' business grew by 62 billion 240 million US dollars, an increase of 71%; support for exports to developed countries over 90 days long account business 26 billion 240 million US dollars, an increase of 55.7%; support for export to developed countries, US $11 billion 70 million in the long-term letter of credit, an increase of 62.8%, directly pulling China's exports totaling 99 billion 550 million dollars, an increase of 71.8%.

　　
In 2010, China's credit insurance introduced a number of underwriting measures to promote the export of small and medium-sized enterprises, and 12014 small and medium sized export credit insurance companies, an increase of 48.5% over the previous year, with an insurance coverage of 25 billion 440 million US dollars, an increase of 64.2%, and a 62 million 256 thousand dollar payment for SMEs. At present, SMEs account for about 79.8% of the total number of China's credit insurance customers. Turning to the supporting role of export credit insurance for small and medium-sized enterprises, Pan Jinshan, chairman of the Jiangsu sunshine Dongsheng import and Export Co., Ltd., which is mainly engaged in textile export, said that the company's export volume increased from 307 thousand US dollars in 2002 to US $150 million in 2010, with the support of credit insurance. We accumulated 600 million dollars in bank financing through credit insurance. In 2009, the company effectively avoided the risk protection of China's credit insurance. Poland, USA, Japan, Brazil, Germany The risk of arrears of payments by customers in other places successfully solved the most serious economic crisis in the course of enterprise development.