The New Risk Of Foreign Exchange Earnings From Textile Industry Is Increasing.

In 2014, the overall development of Haining's foreign trade was stable, but the risk of foreign exchange collection still remained high. According to the statistics of China's Jiaxing insurance office, in 2014, a total of 41 export enterprises were reported. The total number of cases was 68, involving an amount exceeding 7 million 10 thousand dollars, of which the textile industry became the industry with the highest reporting loss. The textile industry (mainly warp knitting) became the industry with the highest reporting loss in Haining. The total reported losses in the whole year were 22, and the reported losses amounted to US $2 million 400 thousand. Compared with the previous year, there was a marked rise in the total number of buyers.

First, the instability of the international situation has led to the continued risk of foreign exchange earnings from exports.

Affected by factors such as falling oil price, capital turbulence and geopolitical risk rising, many emerging market countries such as Russia and South America have encountered varying degrees of exchange rate depreciation and economic downturn, leading to a double fall in willingness to pay and payment ability of buyers, thus directly raising the export risk of textile industry. From the perspective of reporting losses, the United States still ranks first, reporting losses of US $1 million 930 thousand, followed by Canada, Italy, Mexico, Australia, Turkey, Saudi Arabia and Brazil. According to the cause of damage, the amount of loss caused by the buyer's arrears in 2014 amounted to US $6 million 60 thousand, accounting for over 86%, and it was concentrated in European and American countries. Buyers, on the other hand, continue to resist risks. In 2014, the number of reported losses caused by the rejection of goods amounted to 15, an increase of 36% over the previous year, accounting for 22% of all reported cases, a sharp increase of 80% over the same period last year. These cases are mainly concentrated in Russia and Turkey. Mexico Brazil, Argentina and other emerging markets. Among them, some countries' exchange rate fluctuations and trade control policies are the main reasons for the high risk of rejection, such as Mexico and Brazil.

The two is the increase in new trade risks.

According to statistics from China's Jiaxing office, the number of hacker cases increased in 2014. One form of such cases is to collect e-mail information from export enterprises or foreign customers through the network, and invade a party's mailbox, so as to change the bank account and account number, and request to enter the changed bank account number. Another form is to set up third party mailboxes which are very similar to the exporters, and use the enterprise negligence to cheat. Last year amount of damages Up to hundreds of thousands of dollars. Some new trade risks come from offshore buyers. Many foreign large group buyers purchase offshore companies through the establishment of purchasing companies in third countries. These offshore buyers generally have less time to establish and have less registered capital. Because of the independence of the legal person status of the procurement company, if the offshore buyer fails or fails to pay the loan, the parent company shall not be jointly and severally liable, and the rights and interests of the export enterprise can not be guaranteed. The offshore buyers' places of registration in such cases are concentrated in the United Arab Emirates, Cyprus, Hongkong and so on. In addition, the "middlemen" counterfeit other legitimate registered companies to export enterprises to cheat goods cases also occur frequently.

Therefore, suggestions are as follows: 1. Export enterprises First of all, we should make good risk assessment for the old buyers and large buyers, do well the necessary risk prevention and control. Two, we should strengthen the awareness of risk management and trade standard management, avoid the risk of overseas accounts receivable through insurance and so on. The three is to make good use of the policies, especially in 2015, the state's "one way and one area policy", and adopt overseas investment and deep cooperation with buyers to realize their transformation and upgrading; four, we should make good use of the policies.

We should carry out training related to trade frictions, strengthen guidance for enterprises to sue, and increase assistance to enterprises in responding to lawsuits.