Chinese ECA faces bad debts, poor risk assessments

(Xinhuanet, Shanghai, 9 December 2005) China has been facing increasing risks in international trade and a survey indicates its ratio of bad accounts in exports is 5%, ten to 20 times the average for developed countries. China falls behind in terms of experience, construction of financial and credit supporting networks, basic research on risk control and relevant technological developments according to the deputy general manager of China Export and Credit Insurance Corporation (SINOSURE).