Some enterprises in Quanzhou have transferred the main battlefield of foreign trade to other markets, and enterprises can use their export credit insurance to try their best to preserve themselves.
In the Middle East, this market, which was originally imported in a small amount, has become a new foreign trade growth point of Quanzhou Stone Industry, which has always been dominated by Europe and East Asia. It is reported that in the first three quarters of this year, Nanan Stone's exports to the Middle East increased by 35% year-on-year. In the face of the crisis can not be independent, how can Quanzhou enterprises try their best to protect themselves? According to industry insiders, export credit insurance can be used to avoid foreign trade risks.
And will the sudden outbreak of the sovereign credit crisis in Dubai affect the expansion of Quanzhou stone enterprises? According to industry insiders, in the Arab culture, the living room and lobby of the building are customarily decorated with marble materials for interior and exterior decoration. Because of this, almost all local construction projects use marble, so the market is vast. For example, the UAE's building law stipulates that building houses and other buildings must be exteriord. Stone flooring, especially marble veneers, is used in large quantities in the Middle East. "Despite the crisis, the demand for stone products still exists, but the stone exports to the Middle East will inevitably be affected." The head of a stone company in Shuitou said.
The author also learned during the interview that due to the unstable market in Dubai in the near future, the market has shrunk significantly and the price has been low, so there is no way to make money. Some enterprises in Quanzhou have transferred the main battlefield of foreign trade to other markets such as Australia, Europe and America.
In the face of the crisis can not be independent, how can Quanzhou try to protect itself? “The risk of default, rejection and bankruptcy of buyers in the Middle East market has increased significantly, and the risk of export collection has become the biggest external risk faced by China’s foreign trade export enterprises.†A foreign trade industry told the author. He suggested that in addition to paying attention to the buyer's choices, payment methods and other details, companies can also use export credit insurance as an internationally-accepted financial weapon to avoid foreign trade risks. According to reports, export credit insurance is an internationally popular export support tool, with the role of promoting exports, ensuring foreign exchange collection, facilitating financing, and opening up markets.
In addition, some insiders also suggest that a powerful enterprise can turn "risk" into "machine" and achieve the expansion of the market in the Middle East. "Enterprises must enter the middle and high-end market. As long as the products have quality, they will not be ruined. According to industry insiders, in Dubai, the competition between low-end and mid-end products is fierce and the price is relatively low. In order to seize the market, merchants have to adopt a low-price strategy, and low-price competition not only greatly reduces profit margin, but also makes product quality. It is getting worse and worse. The low value of low-end products is low, and the ability to resist risks is naturally weak.
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