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DetDeterminationClinton · D

Presidential Determination

Determination Under Section 2(b)(2)(D) of the Export-Import Bank Act of 1945, as Amended: People's Republic of China

President Clinton issued a determination under the Export-Import Bank Act authorizing approximately $134 million in Ex-Im Bank financing for China to purchase U.S. equipment and services for the Ligang power station expansion in Jiangsu Province, citing national interest based on export promotion and job creation. The determination required reporting to Congress and Federal Register publication.

Federal Register 59 FR 51483
No PDF available for this document.

Impact dates

  1. Federal Register publication

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasOther industrial

Mechanisms

Subsidy / incentive

Role pressure

  • ProtectiveDomestic producer — Westinghouse Electric Corporation wins contract against international competition due to Ex-Im Bank financing support
  • ProtectiveEquipment supplier — U.S. supplier secured contract for power station equipment and services worth ~$153 million in exports
  • AdverseTrading-partner exporter — UK, France, Germany, and Italy suppliers lost competitive bid due to Ex-Im Bank financing advantage for U.S. firm

Geographies

USCNUKEU

Exposure dates

  • — Federal Register publication

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MCATCaterpillarLNGCheniere EnergyCVXChevronCOPConocoPhillipsXOMExxon MobilFCXFreeport-McMoRanGEVGE VernovaHONHoneywellSHELShellSLBSLBSPYSPDR S&P 500 ETF

Confidence: high · Policy alerts

Key directives

  • Authorize Ex-Im Bank to extend approximately $134,009,496 loan to China for Ligang power station expansion
  • Report determination to Congress
  • Publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Determination signed September 30, 1994
  • Authorization for Ex-Im Bank to extend loan
  • Direction to report to Congress and publish in Federal Register

Near term (90d)

  • Federal Register publication October 12, 1994
  • Congressional notification

Long term

  • Ligang power station expansion project execution
  • Continued Ex-Im Bank engagement with China market

Risks & tensions

  • Balances human rights concerns (not mentioned but contextually relevant to China policy in 1994) against commercial export promotion
  • Competition with European suppliers (UK, France, Germany, Italy) for infrastructure contracts
  • Unclear whether this required waiver of statutory restrictions on China financing
Presidential Determination: Determination Under Section 2(b)(2)(D) of the Export-Import Bank Act of 1945, as Amended: People's Republic of China · Executive Orders