Export Risks Spur Use of TT, Credit Insurance
The growing number of cancellations and nonpayment cases is leading many China suppliers to protect themselves from potential losses. The financial squeeze in global markets is pushing an increasing number of China exporters to require risk-free payment methods or apply for credit insurance. The latter is gaining ground particularly for suppliers of high-value products. Many small and midsize operations now specify TT as their preferred mode of payment. Compared with an L/C, TT is the fastest and most secure option Read More