Rise of China’s Export Credit Policy Insurance in Eurasia

... lines of credit by one guarantor. For open economies however, it looks like the death of competition on the Belt and Road. It is this kind of institutional risk underwriting that allows the policy banks to move so easily into external geographies in Eurasia. At the SCO meeting in Qingdao in June 2018, Uzbekistan set up a US$ 750 million line of credit with China Development Bank and Exim Bank . While the Exim US$ 500 million is a blank cheque for Uzbekistan to spend however it wishes, the 250 million with CDB for support Chinese SMEs to bring technology ...