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1、外文翻译原文StudyonExportcreditInsurance’sRoleinProtectingChinaagainstFinancialCrisisanditsDevelopingCounterpolicyMaterialSource:2010InternationalConferenceonFinancialAuthor:TommyowenAbstract—China’sexportcreditinsurancestartedlate,theroleofplayisstillrelativelylimite
2、d.Butwiththeword’sincreasinglyfiercecompetitioninexporttradecreditinsurancetopromoteChineseexporttradewillbemoreandmoreobvious.Inthefuturedevelopment,weshouldcombinedwithChina’sactualsituationsandlearnfromtheexperienceofdevelopedcountriesinordertofuturepromoteth
3、esounddevelopmentofChina’sexportcreditinsuranceandtomakeitbetterforthecountry’sexporttradepolicyandexportbusinessserviceKeywords-Exportcreditinsurance,financialcrisis,counterpolicyExportCreditInsurance(ECI)isaspecialexport-promotionpolicyestablishedbyagovernment
4、inordertoguaranteetheremittancecollectionofexportenterprises.Ittakesforeignbuyercreditriskasitsinsurancesubject,theinsurerismainlyresponsibleforthelosscausedbythecommercialriskswhichtheexportenterpriseswillfaceincludedthebuyerinsolvency,defaultpaymentorrejectthe
5、goodsandothercommercialrisks,andbythepoliticalriskofthebuyers’country.AfterChina’sreformandopeningup,inthe1980s,astheletterofcreditwasbeingusedinmorethan85%ofexporttrade,exportcreditriskdoesnotgetenoughattention.After1990s,withincreasingexportcompetition,exporte
6、rs,inordertoprovideimportersmorefavorabletermsoftrade,lettersofcreditwasonlyusedin20%oftheconditions.Inthissituation,thebuyerriskisincreasing,sothemanagementoftheexportexchangecreditriskisnecessary.In2008,aftertheinternationalfinancialcrisiscausedbytheAmericanlo
7、ancrisis,withthesetbackoftherealeconomyinChina’smainexporttradingpartners.China’sexporttradewasunderattack.ThecreditriskandtheForeignexchangesettlementriskwhichconfrontedChina’sexportenterpriseswererising.WhenfacingtheForeignexchangesettlementriskbroughtbythefin
8、ancialcrisis,someexporterstaketheleadintheuseofinternationallyaccepted“exportcreditinsurance”toavoidtheriskinforeigntrade,theimportantroleofChina’sexportcreditinsuran