After the French president and minister of economy both wore turtleneck jumpers, the turtleneck trend has become a winter hit second only to electric blankets in Europe, and winter clothing exporters in China are working overtime to catch up with European orders.

More and more Europeans are turning to Chinese sellers to purchase warming equipment as winter approaches and Europe faces a gap in energy supplies.

Yuan-denominated financial bonds floated by the Export-Import Bank of China (China EximBank) has exceeded 10 trillion yuan (about 1.4 trillion U.S. dollars), data from the bank showed.

The Export-Import Bank of China (China EximBank) offered 1.25 trillion yuan (about 178.78 billion U.S. dollars) in loans to the foreign trade industry in the first eight months of 2022, up 26.03 percent year on year.

Covers risks in relation to the collection of deferred payment by exporters,the account receivable by financial leasing companies and the recovery of loan principal and interest by financial institutions.The tenor is normally 2 to 15 years.

Insurance Based Financing: 1. Indemnity Transfer 2. A/R Transfer 3. Credit Insurance Directly Purchased by the Financing Bank

SINOSURE issues a demand guarantee to the overseas financing bank (or other creditor) in the form of overseas guarantee and takes the risk of payment by a certain overseas borrower. Generally the parent company of the overseas borrower that has the highest domestic credit rating should provide SINOSURE a full-value counter-guarantee or any other form of counter-guarantee acceptable to SINOSURE.

Protects investors and financial institutions from economic losses resulting from political risks such as expropriation, exchange restrictions, war, political riot and breach of contract in the country where investment is made. The maximum tenor is 20 years.