Finance Crisis Affecting Export Enterpriises And Countermeasures

The Global Financial Crisis, resulting from Sub Prime Mortgage Crisis, has caused the global inflation issue, which has laid heavy burden on the nations all over the world. As the third major international trade player, China has long been taking the rapid increase in exporting as a critical means of developing its economy. Yet, with such following factors as Financial Crisis growing in intensity, the shrinkage in importing demands, the price rise of raw materials, the appreciation of RMB exchange rate, the trade protectionism in importing nations, etc., Chinese exporting trade has been through a severe challenge.On one hand, Chinese exporting businesses' operation and industry consolidation, the trading risk that they experience and the financial services towards them are greatly influenced by the Financial Crisis. On the other hand, despite the challenge and impact confronted with them, of Chinese exporting businesses are provided good opportunities for transformation as well, including the transfer of the global manufacturing into China, the extension of home market, the potential market share due to China's macro-control over increasing domestic demands, the reduction of foreign merger and acquisition costs and the increased opportunities for domestic superior exporting businesses.Based on thorough analyses of the theories related to the Crisis, the cause of the Crisis and its transmission mechanism, the thesis aims at dealing with and taking advantage of the challenge and opportunity of the Crisis for Chinese exporting businesses, adjusting of the business development strategies, handling effectively the negative effects of the Crisis, and creating better opportunities for development and offers systematic solutions to the following issues like confronting the reality, building up confidence and handling the Crisis confidently; transforming development pattern, adjusting production structure and stepping up the strategy transformation of exporting businesses; encouraging the market orientation of exporting businesses and developing new profit growth; enhancing the consciousness of risk prevention and avoiding risks in the international market; establishing harmonious relationships with related benefiting sides and striving for the supports outside the businesses. Besides, the thesis conducts a case analysis of XX Electronics Company on how to deal with the negative effects of the Crisis.Hoping to assist Chinese exporting businesses under background of the Financial Crisis, the author provides detailed suggestions to their development status and concrete solutions to the issues by which they are confronted.