Exporters face payment risks

China's exporters are facing soaring payment risks from the United States and Europe as a result of the global financial crisis, Sinosure's risk-analysis report revealed on Friday.

As the country's only policy-oriented insurer specializing in export credit insurance, Sinosure has issued the global risk-analysis report since 2005. It covers 191 foreign countries and regions.

Due to the worsened global economy, 48 countries were downgraded in their risk ratings this year. But 14 countries, mainly in Africa and Latin America, saw an improved trade and investment environment and thus were upgraded in their ratings.