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Small & Medium-sized Foreign Trade Stone Enterprise Encounter Repudiation

Updated:2013-01-08 17:34:23
Due to the influence of Europe and United States’s debt crisis, some Xiamen stone foreign trade company encountered the repudiation of customers because of the bankruptcy, like to take this opportunity to remind the related company pay attention to avoid the heavy losses.

Last Friday, Xiamen Xinbao and Xiamen foreign trade enterprise association jointly held seminars, which analysis and prospect for the debt crisis of the European and American market risk. According to the information from China Xinbao company providing shows that the first three quarters of this year, the risks of European and American market are increasing, especially reflected in photovoltaic, electronics, steel, textile, automobile, light industry, ships and other industries, super major of tens of millions of dollars, frequent cases, which is mainly in the United States, Germany, Belgium and other countries.

A German customers of stone export enterprise from Xiamen island, which has cooperated about 7 and 8 years, it never default payment for goods before, and recently it was just apply for bankruptcy. More than one hundred thousand dollar loan also follow played hydroplaning. This is not the only case. Because of the impact of European and American debt crisis, the European and American market which were previously regarded as high credibility and risk lower, it is now frequency not also greatly buyers. The dangerous from old buyers who are from Europe and the United States is rising in probability.

In this debt crisis, the most number of injury is the small and medium-sized enterprises. In the compensate of Xiamen Xinbao in the first ten months in this year, stone material, arts and crafts, sports supplies, agricultural industries accounted for 60%, increased year-on-year, these industry are more in small and medium-sized enterprises.
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