U.S.-China Economic and Security Review Commission, Staff Research Backgrounder: Export Assistance and the China Challenge [open pdf - 182KB]
"During Chinese Vice President Xi Jinping's visit to Washington in February, China agreed to participate in negotiations to reach an eventual deal to limit government financing for exports. According to the announcement, the goal is to establish an international working group and to conclude an agreement on export credit finance guidelines by 2014. This is a potentially positive step to counter Chinese export promotion practices, many of which are market disruptive and out of step with international norms. But, there is an existing set of OECD [Organisation for Economic Co-operation and Development] principles guiding export credit activities; any new guidelines will need to be reviewed for their effect on the current OECD members' voluntary rules. Moreover, even if the promised negotiations with China are successful in reforming China's market distorting practices, it will likely not reverse the growing international inequities created by China's aggressive government financing of its exports."
U.S.-China Economic and Security Review Commission: http://www.uscc.gov/