Overseas Receivables Risk Management for Chinese Export Businesses

More and more Chinese businesses are exporting their products to foreign countries because of the severe competition in domestic market. But export businesses, especially small and medium-sized ones, usually don't get much profit due to their smaller scale of economy, less international experienced staff and poor overseas receivables risk management. 5% of export value becomes bad debt, much higher than the average rate of the world. Evaluating the risk factors before the export, tracing the whole export process and demanding the payment in time after export could avoid the most of the export payment risk.