Chinese sectors representing opportunities for American companies are agricultural and food products, including beef; turbine engines for railway products; information technology and medical products.
"The US and China have a unique and long-lasting relationship and that is why Ex-Im Bank supports projects that benefit both countries," Hochberg said. "Over the last decade, US exports to China have increased, yet the country accounts for only 2 percent of the Bank's portfolio. That number needs to grow. I have seen firsthand the enormous opportunities for US exporters in China, and Ex-Im Bank will continue to encourage American business owners to explore this dynamic market."
Hochberg said the Ex-Im team that he brought to China "has come to get a better understanding of the market so that we can identify opportunities to more effectively promote the sovereign loan program."
Ex-Im Bank is an independent federal agency that helps create and maintain US jobs by filling gaps in private export financing at no cost to American taxpayers.