India and China discuss reciprocal credit
Beijing: The Exim Banks of India and China have had an initial exchange of views on exchange of reciprocal lines of credit to finance project exports in each other's country by way of stimulating trade between the two countries.

China had extended a credit line of $ 100 million last year for financing export of Chinese capital goods to India. The Exim Bank of India, with the approval of the Government of India, has also proposed a reciprocal credit line.
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