China Amping Up Loans to US Corporations Wishing to Invest

The Financial Times has a good piece on how China is regarding the US as an emerging market vis-a-vis the PRC.

Industrial and Commercial Bank of China took part in an $11.8bn syndicated loan for Walmart, the US retailer.
Bi Mingqiang, general manager of ICBC’s New York branch, said the bank was seeking long-term lending relationships with US companies which had a presence in China and elsewhere. The bank provides credit to United Parcel Service, Pfizer and Dell.
UPS said linking with a Chinese bank had made it easier to conduct business in renminbi, while Dell said it had developed relationships with Chinese banks for the same reason.
CCB’s clients include General Electric, and the bank has also had discussions with Caterpillar, Walt Disney, Tiffany and Cargill.

This sort of symbiosis may be the answer to our long-term relationship with China.