| Expanding exports of goods and services is a main goal of many countries' foreign economic activities. After World War â…¡, many developed countries began to provide preferential credit insurance, guarantee and/or financing for their exports by their special export credit agencies, namely officially supported export credits.Officially supported export credits include two layers. One is export credits' base which contains two parts: export credit insurance which ensures exporters against political risks and commercial risks, and export credit guarantee which guarantees the refund of export financing. The other is export credits' core, i.e. export financing which provides direct loans to exports. The first part of this paper gives a brief introduction of the development, function, characters and operating principles of export credit business. Moreover, many countries' export credits are supported and subsidized by their governments, so governments play a fundamental role in export credits. Therefore, this paper expatiates the government's roles in export credits and makes a comparison between export credits and government's loan.At present, the export credit businesses of developed countries have been mature and formed consummate systems. In order to learn from developed countries, this paper firstly researches the main types of their export credit businesses and compares those types. Then, it introduces the current export credit systems of three typical developed countries. Further, this paper demonstrates the successful points in developed countries' export credit businesses.WTO restricts its members strictly from using export subsidies, but it doesn't prohibit its members from using export credits which are in conformity with the Arrangement on Guidelines for Officially Supported Export Credits of OECD, so after analyzing the experience of developed countries, this paper researches the main content of the latest version of the Arrangement on Guidelines for Officially Supported Export Credits.Since year 2001, the developing speed of global economy decreased greatly. Entering 2003, there are more uncertain factors in world economy, which will lead to further decline of world's demand and increase the risk and competition of export.With the acceleration of globalization, China's economy is amalgamating gradually into global economy, especially after China's entry into WTO, Chinese export enterprises will face great challenge while facing much more chance. So China should adjust its current export encouraging policies and measures so as to cater to the arrangements of WTO and support the export development of our goods and services.Moreover, China not only can use export credit to support its export, but also canuse export credit to enhance its export commodities' structure and carry out its foreign trade strategy, then to keep the sustainable development of its export as well as its national economy, which is the key reason why China should develop its export credit business greatly.However, comparing with the developed countries' business, the size of Chinese export credit business is small and the business types are less, there are still some problems in Chinese export credit business which are hindering the full use of export credit's function. This paper researches Chinese current export credit agencies and businesses firstly, and then analyzes the problems existing in Chinese macro-environment and managing system of export credit, export credit agencies and its businesses, and export enterprises.Then, according to the successful operations of developed countries and the international practice of export credit, and considering the status quo of Chinese export credit, the paper puts forward the strategic advices for developing chinese export credit businesses from three aspects: advices for Chinese government, advices for Chinese export credit agencies and advices for Chinese export enterprises.In the last part, based on all the researches in its former parts, this paper discusse...
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