17 countries named as trade risks

Chinese exporters are facing growing trading risks in 17 countries as the sovereign debt crisis in the EU deepens and the global economy slows down, the country's only export credit insurer said on Wednesday.

According to the China Export & Credit Insurance Corp, Sinosure, these 17 countries are mainly in Western Europe, Latin America and Asia.

Sinosure's risk-analysis report looked at 192 countries, excluding China. Of those, 17 countries, or 8.9 percent, were downgraded because of growing trading risks, while 45 countries, or 23.4 percent, were upgraded.

It was the company's eighth risk report, aimed at helping Chinese companies to better minimize the risks of doing business overseas.