Studies On The Problem And Solution Of China’s Export Credit Insurance

Nowadays,economic globalization has become a major trend,Any country can only adapt to this trend,can not avoid this reality.So,the development of import and export trade is the focus of economic.In the course of trade, in order to promote the development of the country’s import and export trade,no matter developed or developing countries,has taken various measures to prevent risks, reduce costs and access to finance.Export credit insurance as a Policy finance instrument provides the economic security for domestic enterprises and foreign investment,it can encourage domestic enterprises to expand exports and open up foreign markets.After joined the WTO,any form of direct export subsidies has been forbidden.The export credit insurance as one of the policy instruments that the WTO agreement on Subsidy and countervailing principle allowed to support exports,and become the main mean replacing the existed export policies to support exports.How about the development of export credit insurance.How about the effects that export credit insurance for China’s export trade.In order to keep the external demand stability,promote economic growth,and protect of export corporate,how to make a good use of export credit insurances is an important issue.Compared with developed countries,China’s export credit insurance business is still in the primary stage. The support to export trade of export credit insurance does not match with China’s status as the world’s second-largest trading country.According to a survey sample by commerce department,our export business’ s bad debt rate is as high as 5%, it’s more than 10 times than the average level of developed countries.Problems requires the government,export credit insurance and the companies work together to solve.There are many risks threaten global stability and development,one of the most important is political crisis,at the same time the international political crisis is presented more and more complex,long-term-oriented.And China is at an important opportunity called‘the Belt and Road’ strategy.At the background of International economic and political risks significant,it will make a good effect to build export credit’s risk protection mechanism.And it’s also good for‘the Belt and Road’ strategy.So,the study on development of export credit insurance is not only make a theoretical value,but also also make a practical significance.In this paper, according to the finance defect theory, government intervention theory, the theoretical basis of legal, analyzed the effect of export credit insurance in the economic.And compared with the effect of export tax rebate.Then we can know that export credit insurance is better than export tax rebate.I analyze the problems of China’s export credit insurance.Finally,combined with typical advanced countries experience and the main factors that restrict the development of export credit insurance, i propose the policy recommendations.So that China’s export credit insurance will more and more better.The first part of the article, introduce the background and significance of this paper.Mastered the current research trends and insufficient in the field of export credit insurance by collate and analysis domestic and foreign experts research results.And show the full text by a flow chart form.And proposed research methods as well as the insufficient and innovation of this article.The second part of the article,it is mainly introduce Export credit insurance and the basic theories. In the third part, describes the current situation and problems of China’s export credit insurance in the development process.Part 4 describes the development of export credit insurance in model developed countries.And the revelation which the developed countries to us. Part V give same suggestions based on the development of export credit insurance and experience abroad, proposing to improve China’s export credit insurance.