All the changes that the international trade market has been going through in 2011, such as the upheavals in Mid-East and the sudden earthquake in Japan, have been closely related to the interests of foreign trade in Zhejiang. Many enterprises get deeply stuck in them.
In the first three months of this year, China Export & Credit Insurance Corporation, Zhejiang Branch ( hereafter Sinosure s Zhejiang Office ) has received report of over 250 cases of export loss with a total value of 60 million dollars, a year-on-year growth of 70% and 43% respectively. The loss rate came to be 1.
15%, which means, among the export credit cases that Sinosure s Zhejiang Office insured, there was a risk-taking amount of $11,500 out of every one million dollars insurance amount, and export enterprises collection of foreign currency has been even riskier--- it was only $10,000 last year.