Sinosure sees rising EU risk as debt crisis persists
By Hu Yuanyuan | China Daily | Updated: 2011-12-16 07:35
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Piraeus Port in Athens, Greece. According to Han Jiaping, director of the credit management department at the research institute of the Ministry of Commerce, Chinese companies had reported cumulative overdue accounts of more than $100 billion by the end of March. Kostas Tsironis / Bloomberg |
BEIJING - The China Export & Credit Insurance Corp (Sinosure), the only export and credit insurer in China, experienced a rapid increase in claims from enterprises trading with the European Union (EU) region this year as the sovereign debt crisis deepened, top company officials said on Thursday.
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