Abstract:

International trade is always accompanied by high risks due to its characteristics: complex, involving many counterparties, and time-delay. Among those risks, credit risk is the issue that Chinese foreign trade firms should take into grave account, under the influence of RCEP and Covid-19. This paper will point out the limitations of some foreign trade enterprises through a case study and provides relevant suggestions: building a credit rating system; gaining more information about the counterpart; establishing a comprehensive risk management system. This paper is expected to help foreign trade enterprises manage their credit risks and make preparations for the new period after RCEP comes into effect.