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

Presidential Determination No. 96-37

Memorandum for the Secretary of State

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

Pursuant to Section 2(b)(2)(D)(ii) of the Export-Import Bank Act of 1945, as amended, I determine that 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 in connection with the purchase of (1) non-nuclear island balance of plant equipment and services and (2) Westinghouse engineering services to the nuclear island, for two units of the Qinshan II nuclear power plant.

You are authorized and directed to report this determination to the Congress and publish it in the Federal Register

WILLIAM J. CLINTON

THE WHITE HOUSE,

Washington, June 29, 1996.