Sinosure sees rising EU risk as debt crisis persists

    Updated: 2011-12-16 10:55

    By Hu Yuanyuan (China Daily)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    BEIJING - The China Export & Credit Insurance Corp (Sinosure), the only export and credit insurer in China, experienced a rapid increase in claims from enterprises trading with the European Union (EU) region this year as the sovereign debt crisis deepened, top company officials said on Thursday.

    Sinosure sees rising EU risk as debt crisis persists

    Piraeus Port in Athens, Greece. According to Han Jiaping, director of the credit management department at the research institute of the Ministry of Commerce, Chinese companies had reported cumulative overdue accounts of more than $100 billion by the end of March. [Photo/ Bloomberg] 

    "Trading risks from Western European countries such as Greece, Ireland, Portugal, Spain and Italy have seen an evident increase," said Xie Zhibin, assistant president of Sinosure.

    Sinosure's risk-analysis report looked at 192 countries, excluding China. Of those, 29 countries, or 15.1 percent, were downgraded because of growing trading risks, while 36 countries, or 18.8 percent, were upgraded.

    It was the company's seventh risk report, aimed at helping Chinese companies to better hedge the risks of doing business overseas.

    Though global trading risks remained stable in 2011, the EU crisis, the slowdown in the global economy and regional conflicts led to downgrades in certain areas, such as in some countries in Western Europe and North Africa.

    As of Nov 30, Sinosure had received claims from 29 companies for losses in Libya, and the insurer paid 500 million yuan ($78.6 million) to settle those claims.

    Sinosure's claims payments for 2011 "will be no less than what we paid in 2009" during the global financial crisis, said Zhou Ji'an, deputy general manager.

    "Moreover, about one-third of the claims involve developed countries such as the US and UK."

    Though Sinosure retained its risk rating for the US this year, Zhou said potential trading risks in the US are climbing fast as the world's largest economy is set to slow down further next year.

    "The number of claims - and the value involved - we received from Chinese enterprises trading with the US have rebounded this year," said Xie. He said the company would keep a close watch on US financial institutions' exposure to EU sovereign debt.

    According to Han Jiaping, director of the credit management department at the research institute of the Ministry of Commerce, Chinese companies had reported cumulative overdue accounts of more than $100 billion as of the end of March.

    The figure is expected to grow by $15 billion annually.

    The research institute has said that the high credit risks found in markets where Chinese companies have traditionally faced bad debts have spread to previously low-risk countries, including Germany, the UK and Japan.

    A number of countries in Asia and Latin America, however, saw a credit improvement, according to Sinosure's report.

    日韩精品无码久久久久久 | 在线日韩中文字幕| 日韩乱码人妻无码中文字幕久久| 无码中文av有码中文a| 无码av免费一区二区三区试看| 13小箩利洗澡无码视频网站免费 | 色综合中文字幕| 无码国产亚洲日韩国精品视频一区二区三区 | 午夜无码A级毛片免费视频| 99re只有精品8中文| 亚洲 欧美 国产 日韩 中文字幕| 东京热无码av一区二区| 亚洲精品无码MV在线观看| 综合久久久久久中文字幕亚洲国产国产综合一区首| 久久精品无码一区二区三区日韩| 色爱无码AV综合区| 亚洲熟妇无码另类久久久| 欧洲精品无码一区二区三区在线播放 | 无码137片内射在线影院 | 无码少妇一区二区| 一夲道无码人妻精品一区二区| 久久精品一区二区三区中文字幕| 欧美乱人伦人妻中文字幕| 中文字幕国产精品| 亚洲国产精品成人AV无码久久综合影院| 久久久无码精品亚洲日韩蜜臀浪潮 | 中文字幕人妻色偷偷久久| 蜜臀av无码人妻精品| 天码av无码一区二区三区四区| 久久亚洲精品无码播放| 好硬~好爽~别进去~动态图, 69式真人无码视频免 | 亚洲成a人在线看天堂无码| 亚洲AⅤ无码一区二区三区在线 | 国产精品无码国模私拍视频| 国产成人A人亚洲精品无码| 狠狠躁天天躁无码中文字幕图| 日韩乱码人妻无码中文字幕久久| 国产精品无码一区二区三区电影| 91精品久久久久久无码| 无码国模国产在线无码精品国产自在久国产 | 中文无码熟妇人妻AV在线|