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People's Daily Online>>China Business

China releases export risk index to help exporters

By Xu Lufang (Beijing Daily)

16:19, March 02, 2012

Edited and translated by People's Daily Online

To help Chinese exporters avoid risks of doing business abroad, the China Export and Credit Insurance Corporation (Sinosure) unveiled a short-term export risk index (ERI) on Feb. 28.

The quarterly index, can track the risks of China’s key export industries and major trading partners. The index is the first of its kind in the world released by an official export credit agency.

China has around 140,000 small and micro-sized companies each with annual exports of less than 1 million U.S. dollars.

The European sovereign debt crisis has put a large number of small and micro-sized companies in China under heavy pressure. Certain companies were unfortunate to be hit by a series of credit rating downgrades shortly after entering the European market. These companies are worried that they may suffer losses if they continue to export goods to Europe.

Sinosure has been issuing the Global Risk Analysis Report for many years. Why would it launch a short-term export risk index?

The ERI focuses on the short-term trend of two or three months instead of the long-term sovereign credit. It observes the default risk from the two parties of a trade and offers early warning information for the export enterprises, and therefore is a reference index that is more suitable for small enterprises, especially miniature enterprises.

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