By the financial crisis, exports increased credit risk. Recently, reporters from the Chinese Export Credit Insurance Guangdong Branch was informed that the company's 2008 annual report the amount of damage a year-on-year growth of 222 percent, while Hong Kong Chuxian the largest number of cases.
Chuxian case in North America in the first three quarters by 40
% Of the Chinese export credit insurance provided by the statistics show that by the time loan crisis, the company reported losses this year, the amount of 222 percent year-on-year growth. Damage was reported from the region, Hong Kong Chuxian top the number of cases, followed by the United States and Europe. The company told reporters that Europe and the United States because of the large number of export orders are to Hong Kong as a transit point, so Hong Kong's largest number of Chuxian.
This reporter has learned that Chuxian the number of cases there is a marked increase over last year. In Europe in the first three quarters of cases Chuxian than 200 percent growth last year, and North America in the first three quarters Chuxian cases than last year's growth of 40%.
Buyers accounted for 90 cases of arrears
% This reporter has learned that the company received Chuxian case to the buyer in arrears mainly Chuxian account for about 90% of the proportion, followed by rejection and bankruptcy cases. "Chinese enterprises in the export trade are widely used by the" credit "to the financial turmoil has become very passive." Chinese Export Credit Insurance Guangdong Branch General Manager Chen even from an exclusive interview with this reporter said.
People in the business told reporters that the current export business focused on the risks faced by buyers in the area, including the buyer's business risks, credit risks and credit risks. In addition, because of the financial crisis caused by currency fluctuations in the market, exporters must also face the risk of changes in the international exchange rate. "At the risk of scattered distribution channels, the function of insurance is greater than the bank." Chen said even if from.
Chen told reporters that even from domestic exporters on the one hand, carefully chosen to trade; On the other hand, enterprises should be diversified trade channels, to try to develop Africa, South Asia, and so less affected by the financial crisis in the market.
