Risks of Currency and Method Choices of Chinese Enterprises’ Export Settlement and Countermeasures: An Investigation on the Canton Fair

Zhu Wenzhong, Zhang Yaqi, Fu Limin, Mo Qin and Lu Guanting

International Journal of Asian Social Science, 2012, vol. 7, issue 1, 1048-1055

Abstract: Due to the depreciation of US dollars and the shortcomings of L/C settlement method, Chinese enterprises have come across some new tendencies of change in choices of export settlement currency and method, such as the reduction of using US dollars as a settlement currency, the increase of using T/T payment method, and the decrease of using L/C payment method. The paper analyzes and concludes that these trends of change are the reasonable choice of Chinese enterprises to confirm with the law of market, but at the same time, they may bring about some potential risks to them, therefore, they is suggested to take some countermeasures to handle these changes.

Keywords: Chinese enterprise; International settlement method; Payment currency; Investigation (search for similar items in EconPapers)
Date: 2012
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