Beijing’s efforts to stimulate consumer demand are aiding regional exporters and promoting use of trade finance. While this concentration may offer banks challenges, the move is a welcome fillip for a pressured industry.
To say it has been a difficult year for trade finance would be an understatement.
The onset of the global financial crisis in late 2008 led to a complete collapse in regional trade volumes as consumer sentiment collapsed and a breakdown in trust between counterparties caused the cost
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