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Export credit insurance jumps 41.8% to US$19.87b
By Wang Yanlin |
November 14, 2012, Wednesday
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Online Edition
Online Edition
THE policy value of Shanghai's export credit insurance surged 41.8 percent from a year earlier to US$19.87 billion in the first 10 months, the Shanghai Branch of the China Export & Credit Insurance Corp said today.
The fast expansion was achieved under China's strategy to better use this insurance product to help traders control risks.
Short-term export credit insurance grew even faster by 45.6 percent to US$17.28 billion, surpassing last year's overall value, and more small firms bought the service.
The export credit insurance policy can protect companies' foreign receivables and is widely used in international trade and investment.
The fast expansion was achieved under China's strategy to better use this insurance product to help traders control risks.
Short-term export credit insurance grew even faster by 45.6 percent to US$17.28 billion, surpassing last year's overall value, and more small firms bought the service.
The export credit insurance policy can protect companies' foreign receivables and is widely used in international trade and investment.
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