BEIJING, Jan. 11(Xinhua) -- The coverage of China's policy-related credit insurance by China Export & Credit Insurance Corporation (Sinosure) expanded further in 2017 with its annual underwriting adding up to 524.6 billion U.S. dollars, up 11 percent year on year, reported China Daily citing a source with Sinosure.
Breaking down, medium and long-term export credit insurance, overseas investment insurance and short-term export credit insurance contributed an amount of 23.9 billion U.S. dollars, 48.9 billion U.S. dollars and 412.8 billion U.S. dollars, up 7 percent, 15 percent and 10 percent year on year respectively.
Particularly, Sinosure underwrote some 129.8 billion U.S. dollars for enterprises' export, investment and project contracting business targeting countries along the Belt and Road in 2017, up 15 percent on year.
With the Belt and Road emphasis in 2017, Sinosure intensified policy-related credit insurance support to the Belt and Road construction in key fields including infrastructure connectivity, international capacity cooperation, and economic and trade industrial park construction. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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