Export credit insurance safeguards foreign trade enterprises
- Details
- Category: Ningbo Business
- Published: Wednesday, 28 June 2023 16:28
It is quite unexpected for a foreign trade enterprise that a reliable customer would go out of business in a sudden A US business, once a reliable customer of a household heater dealer in Cixi County, has been making purchases in China for over 20 years, with annual sales volume of over 200 million dollars, and has business relations with many enterprises in Ningbo. Recently, when the Ningbo branch of China Export & Credit Insurance Corporation handed over a compensation payment of 1.8 million US dollars to the foreign trade in Cixi County, the person in charge of the enterprise said, "Fortunately, we have been covered by the export credit insurance, otherwise the losses would be unimaginable".
Since the beginning of this year, the world economic landscape has been complex and ever-changing. Faced with the potential emergence of "black swan events" and "grey rhinoceros events" at any time, Ningbo has given full play to the financial tool role of export credit insurance, increased countercyclical regulation, and fully assisted enterprises in expanding the market, seizing orders, and preventing risks. In the first five months of this year, the Ningbo branch of China Export & Credit Insurance Corporation has cumulatively approved a risk