u***r
发帖数: 4825 | 1 http://www.ft.com/cms/s/0/641815b4-1de7-11e0-badd-00144feab49a.
By Robin Harding in Washington
Published: January 12 2011 02:10 | Last updated: January 12 2011 02:10
The US is going to match Chinese terms with cut-price export financing for
the first time to help General Electric win an order for 150 diesel-electric
locomotives from Pakistan.
With Hu Jintao, China’s president, due in Washington next week, the move
suggests Barack Obama, US president, will continue to push China to follow
global standards on trade.
EDITOR’S CHOICE
Stealth test flight overshadows Gates trip - Jan-11
Beijing reviews high-speed rail plans - Nov-07
Airbus in plea over export financing - Dec-16
US short of levers to aid export-fired recovery - Sep-15
China on track to join ranks of train manufacturers - Mar-01
“We’d rather that you play by the rules, but if you’re not going to play
by the rules, then we’ll meet you,” Fred Hochberg, chairman and president
of the Export-Import Bank of the United States, told the Financial Times.
Ex-Im Bank hopes its willingness to match China Eximbank will encourage US
exporters to fight for contracts even when China’s financing terms seem
unbeatable. It will finance $437m of the $477m deal, which is awaiting
approval by a Pakistani court, but it will have to go against international
rules to match the Chinese offer.
The rules, managed by the Paris-based Organisation for Economic Co-operation
and Development, limit the term of export credits to 10 years.
China, which is not a signatory to the OECD agreement, offered to finance
locomotives for Pakistan over 12 years.
A formula set by the OECD would require a minimum fee of about 21 per cent
for a 12-year export credit to Pakistan. The fee, which reflects credit risk
, can be paid up front or over the life of the loan. It comes on top of
interest, set as the medium-term Treasury yield plus 100 basis points.
China Eximbank proposed a fee of about 8 per cent and the US Ex-Im Bank
agreed to match it. Mr Hochberg said he could act in this case because
unusually, there was evidence of the Chinese offer.
Pakistan’s dollar bonds maturing in 2017 were yielding 10 per cent on
Tuesday, suggesting Ex-Im’s terms are aggressive, but Mr Hochberg said he
was confident that the deal would have no cost to the US taxpayer.
The US has two big high-technology makers of diesel electric locomotives in
GE and Electro-Motive Diesel, a subsidiary of Caterpillar, but Chinese
companies are competing aggressively in international markets.
The GE locomotives would be built in Erie, Pennsylvania, making them an
example of how Mr Obama would like to use exports to help the US recovery.
“Ex-Im Bank’s financing creates a level playing field for US companies to
compete and, ultimately, lays the foundation to sustain existing and create
new US high-tech manufacturing jobs,” GE said.
Copyright The Financial Times Limited 2011. You may share using our article
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post to the web. | h***l
发帖数: 3048 | 2 这是老套路了，干坏事的时候就说是跟中国学的，那中国干好事的时候你怎么就不学呢？
electric
【在 u***r 的大作中提到】
: http://www.ft.com/cms/s/0/641815b4-1de7-11e0-badd-00144feab49a.
: By Robin Harding in Washington
: Published: January 12 2011 02:10 | Last updated: January 12 2011 02:10
: The US is going to match Chinese terms with cut-price export financing for
: the first time to help General Electric win an order for 150 diesel-electric
: locomotives from Pakistan.
: With Hu Jintao, China’s president, due in Washington next week, the move
: suggests Barack Obama, US president, will continue to push China to follow
: global standards on trade.
: EDITOR’S CHOICE
| p******u
发帖数: 14642 | 3 竞争是好事，另外米国的柴电也确实领先我鳖，这个没得说。我鳖的河蟹鸟3/5都是ge
和emd的山寨版 | n***i
发帖数: 5479 | 4 美国人这就太扯了。他们说的规则是OECD的规则，OECD是西方发达国家自己搞的国际组
织，它的成员国标准就直接把中国排除在外了，而且总共也就三十四个国家参加这个组
织，还好意思说是“international rules”。而且中国不是它OECD的成员国，没理由
遵守它们的规则嘛。也就是说，美国人自己立了个规矩，还不带中国玩，现在看中国自
己玩得更狠，美国人就干脆把自己的规矩破了，还要赖中国人身上。这叫什么？这叫无
赖。 | a***c
发帖数: 2443 | 5 re. exactly what I wanted to say.
【在 n***i 的大作中提到】
: 美国人这就太扯了。他们说的规则是OECD的规则，OECD是西方发达国家自己搞的国际组
: 织，它的成员国标准就直接把中国排除在外了，而且总共也就三十四个国家参加这个组
: 织，还好意思说是“international rules”。而且中国不是它OECD的成员国，没理由
: 遵守它们的规则嘛。也就是说，美国人自己立了个规矩，还不带中国玩，现在看中国自
: 己玩得更狠，美国人就干脆把自己的规矩破了，还要赖中国人身上。这叫什么？这叫无
: 赖。
| d*b
发帖数: 21830 | 6 GE的主要问题是，整体投资高，低收入国家用GE的机车，投资回收比不上土鳖的。GE也
有优点，但没有人愿意长期亏损下营运
ge
【在 p******u 的大作中提到】
: 竞争是好事，另外米国的柴电也确实领先我鳖，这个没得说。我鳖的河蟹鸟3/5都是ge
: 和emd的山寨版
| p******u
发帖数: 14642 | 7 我鳖现在正给第三世界大建铁路，就郁闷到时是不是把大量退休封存却还能用得上的东
风免费赠送，其实修理费服务费之类的还是有得赚的，就跟当年标准油免费给我鳖煤油
灯的典故一样
【在 d*b 的大作中提到】
: GE的主要问题是，整体投资高，低收入国家用GE的机车，投资回收比不上土鳖的。GE也
: 有优点，但没有人愿意长期亏损下营运
:
: ge
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