US Law Firm Claims Chinese ECA Sinosure pursues overseas importers to pay off unpaid debts

(Harris Sliwoski, Los Angeles, 17 July 2024) US law firm accuses Sinosure of pressuring clients to pay off Chinese factories for allegedly owed money. They claim the Chinese state-owned export credit insurance company actively pursues overseas companies for alleged unpaid debts on behalf of Chinese manufacturers saying "Sinosure subsidizes Chinese companies and then aggressively seeks reimbursement from overseas companies. It often hires debt collectors and law firms to chase foreign companies for money supposedly owed to its insured Chinese manufacturers. A foreign company pays a Chinese manufacturer an advance for a large order. The rest is owed upon delivery. The shipment arrives, but the quality is terrible and unusable. The foreign company refuses to pay the balance owed and requests a refund or new products. The Chinese company goes silent or tries to negotiate. Then Sinosure jumps in. Sinosure demands payment through threatening calls or letters. It threatens to sue the foreign company in China or its home country." They publish "China Sinosure as Existential Threat and Fighting Back Against Fake (and Real) Sinosure Claims: A Primer"