Bill Clinton actually said...

It is in the national interest for the Export-Import Bank of the United States to extend a loan in the amount of approximately $120 million to the People's Republic of China.

Context

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

06/28/1996

https://www.presidency.ucsb.edu...

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