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China, US inject $20 bn to boost global commerce

(Xinhua)
Updated: 2008-12-05 14:00

BEIJING -- China and the United States on Friday said they would inject 20 billion US dollars for trade finance to buoy up the global commerce.

"The two export-import banks (in United States and China) will make available an additional 20 billion US dollars for trade finance, particularly for creditworthy importers in developing countries," US Treasury chief Henry Paulson told the press.