Methods of payment when importing goods from China

Tat’jana Pavlovna Basilashvili, Joseph Ruvimovich Gililov, Yuri Anatolievich Savinov and Evgenija Vadimovna Taranovskaja
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Tat’jana Pavlovna Basilashvili: Russian Foreign Trade Academy, Moscow, Russia
Joseph Ruvimovich Gililov: Russian Foreign Trade Academy, Moscow, Russia
Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia
Evgenija Vadimovna Taranovskaja: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2017, issue 6, 75-83

Abstract: China has become a major exporter of goods in the world economy supplying the foreign markets with production equipment and consumer goods. Chinese firms use both traditional sales channels providing for direct shipment from the exporter to the customer as well as indirect ones with the use of intermediaries. But in any case, there is an issue of choosing the most optimal payment instruments. The authors consider the nature and features of payment in inter-corporate B2B trade (bank transfer, letter of credit, collection) and when selling to end users (B2C) (pay- ment by bank cards and bank transfer).

Keywords: China; payment instruments; import; on-line sales; letter of credit; bank transfer; collection (search for similar items in EconPapers)
Date: 2017
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