Shenzhen, China city skyline at twilight in the Civic Center district.

U.S. Export-Import Bank Subsidizes State-Owned Chinese Firms

Main St. Agenda by from Washington Examiner, May 11, 2015

Conservative radio host and blogger Hugh Hewitt is pushing hard on the argument that the Export-Import Bank of the United States is an effective foreign policy tool. “Soft power at its best,” he calls it.

Today on Twitter, Hewitt posited that Ex-Im is a good tool to counter China’s influence in the world. But here’s the thing: China is the single biggest recipient of Ex-Im financing. Russia is in the top 5. See the chart below:

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