Eximbank of China and Agricultural Development Bank of China: International Aspect of Activity

 
PIIS020736760027149-2-1
DOI10.31857/S020736760027149-2
Publication type Article
Status Published
Authors
Occupation: Research Fellow, Center for Chinese Economy and Social Studies
Affiliation: Institute of China and modern Asia, Russian Academy of Science
Address: Russian Federation, Moscow
Journal nameObshchestvo i ekonomika
EditionIssue 11
Pages140-151
Abstract

The article analyzes the international aspect of China's policy banks` activities – the Export-Import Bank of China (Eximbank of China) and the Agricultural Development Bank of China (ADBC). Considering the decisions of the 20th National Congress of the Communist Party of China including emphasizing the importance of further expanding of “external world openness”, promotion of “high-quality development of the Belt and Road”, improving the quality of trade cooperation, as well as "priority of agricultural development" and poverty alleviation the Banks' role as tools for solving the export-import operations financing (the Eximbank of China) and “Sanong” (Three Rural Issues) agrarian problem (ADBC), financing development remains relevant. The article concludes that in the 14th Five Year Plan (2021-2025), there is an expansion of the Eximbank of China and ADBC`s interaction with the ASEAN Member States and Africa, including financing of infrastructure projects and agricultural sector, development of green technologies through special bonds issuing.

KeywordsExport-Import Bank of China, Agricultural Development Bank of China, the Belt and Road Initiative, “Go Out policy”
Received25.12.2023
Publication date26.12.2023
Number of characters24591
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