Over the past six years (FY 2008 to FY 2013) China has invested twice as much in new, medium and long-term export credit as the U.S. in current dollars, and almost four times as much as a share of GDP over this period.

Despite the critical role export credit financing plays in helping to boost America's exports and empower its traded sector competitiveness, virtually all U.S. competitors are investing significantly more as a share of their GDP than the U.S. in providing export credit assistance in the form of loans and guarantees to help foreign buyers purchase their nations' products and services. This scenario reduces overall American competitiveness and enhances the movement of industrial investment to other nations. This environment could get catastrophically worse if Congress fails to renew the Export-Import Bank this September.