Between 1985 and 2020 the United States' volume of imported goods from China has climbed substantially. In 2020 it reached 451.65 billion USD, demonstrating that China is their largest trading partner. This sheer volume of imports indicates that trade between the two countries is flourishing. For this reason, there is an overwhelming requirement for financial and credit support, which is where the Sinosure Credit Insurance tool is critical. With over 260,000 exporters in China issuing overseas importers deferred payment terms via Sinosure, insured trade exceeds 700 billion USD.
Below, we will explain how we assisted one of our United States-based clients in using Sinosure to apply for Sinosure credit and use deferred payment terms.