| At present, the economic development of China is at an intersection. This stage is a critical time point to decide whether it can continue to keep the rapid development trend as that of the past twenty years since the reform and opening-up, or shift to a period of economic downturn. As the foundation of the whole economic industry, the development of steel industry plays an important role in the steady economic operation. While the iron ore, the main raw material in the development of steel industry in China, are mostly dependent on the import. Currently, the prepayment trading model dominates the international trading rules of iron ore. With the change of the internal and the external environment, there could be risks of different level in the international trading prepayment of iron ore of our country. So the research on the risk of the international trading prepayment of iron ore is of political and economical significance.On the basis of the work experience in trade management of iron ore in XX company for many years, combining the2years’learning experience of EMBA in Southwestern University of Finance and Economics, The author wrote this article to make research on the international trading prepayment of iron ore. It can be divided into five parts. Part one, the preface, mainly elaborates on the research background, the international trade pattern of iron ore, the trading status of China’s participation in the international market of iron ore. Part two mainly makes theoretical analysis on the international trading risk management from the concept of risk management and the relevant risk control theory of international bulk trade resources. Part Three deals with the performance of prepayment risk existed in the international iron ore trade of China, which is the key part of the article. It makes analysis on the prepayment risk existed in the import of iron ore of The Chinese enterprises through cases, from three aspects, including the changes of international political factors, the default risk of subject operation under the European debt crisis, and the logistic risk of international iron ore trade. Part four is the reason analysis of the prepayment risk of China in international iron ore trade, where the author emphasizes and makes detailed exposition. The multi-angle reason analysis is carried out in three aspects including politics, economy and trade. In part five, the author mainly elaborates on the precautionary measures of the prepayment risk of Chinese iron ore trade from three aspects, that is, politics, economy and trade, and put forward new prepayment precautionary measures, by combining his own work experience, from the aspects of enhancing safeguards on the security of our iron ore, reducing the dependence on the export from foreign countries and the prepayment scale of iron ore.Due to the incompleteness of the iron ore trading activities of my company and my limited knowledge on the prepayment management activities, when conducting the research and compiling work, I ignored the the influence of financial activities on the prepayment risk, the degree of concern of the trading subject, especially the buyer in iron ore trade, on prepayment, and the quantitive measurement of prepayment risks. |
PDF Full Text Request