Concerned about the risk of US exports

Despite the current global economic situation there pick up signs, but there are still many uncertain factors emerging, export risks remain, city businesses and business operators should not neglect the risk of vigilance on export. China Export & Credit Insurance Corporation (hereinafter referred to as SINOSURE) Marketing Services has reminded Yiwu, Yiwu enterprises and business households in the United States recently to pay attention to the credit of SME buyers.

According to the China Yiwu Credit Insurance Marketing Services introduction, early in November, the largest U.S. lender CIT Group SME filed for bankruptcy protection. As the Group for the United States nearly 1 million small and medium enterprises to provide financing for bankruptcy liquidation if its true, will give the U.S. a huge blow for SMEs.

"In Yiwu, the main business of the United States also purchasing department stores, mainly consumer goods purchases, the vast majority of SMEs. These loans to businesses through the CIT is likely to face financial crisis strand breaks, so will be unable to pay for the cargo side payment. Therefore, enterprises should pay attention to the United States recently Yiwu buyers credit situation, prudent buyers risk. "Service staff told reporters.

According to reports, CIT Group's bankruptcy may affect the survival of those who rely on loans to SMEs in the daily operation of the enterprise will be difficult to pay the purchase price, delivery schedule to customers, and part of the small and medium enterprises as soon as possible if you do not transfer to other financial institutions to obtain loans, may occur due to liquidity drying up and forced into bankruptcy or breach of phenomenon. Market analysts generally agreed that, CIT in the retail services to a wider coverage of the U.S. retail market will also be a strong impact there may be up to 300,000 retail enterprises were caught. There are reports that, CIT bankruptcy may impact India's textile and clothing export enterprises, because this group is a finance company, often for India's small and medium suppliers to provide short-term loans.

Analysts also said that now there are indications that the so-called economic recovery in the United States actually very solid, especially its double-digit unemployment rate may be a breakthrough, while the corresponding consumption caused by contraction also cause pressure on the U.S. economy has suffered a new . So, now optimistic that the U.S. economy has recovered, there were no basis for the future need to keep the U.S. economy is still quite cautious.

In this regard, SINOSURE Marketing Services reminded Yiwu, Yiwu enterprises need to be vigilant, in respect of orders for delivery in the United States buyers should be timely reminder, to those on orders of the U.S. buyers should pay more attention to investigate the credit situation, order to insure against various risks, to protect the security payment.