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Business and credit challenges in China today.(INTERNATIONAL)

Business Credit

| June 01, 2006 | Diana, Tom | COPYRIGHT 2006 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By any number of economic measures, China has become a global economic juggernaut. Chinese economic advances have brought about significant challenges to many U.S. companies that have lost market share due to competition from Chinese companies that can produce products at significantly lower prices. Last year, Chinese imports overwhelmed the U.S. economy, leading to a $202 billion trade deficit between the two nations. However, as the Chinese economy increases the wealth of its financially improved and growing middle class, it is providing new opportunities for U.S. firms to export their products and services into China as well.

Many Chinese factories are facing ...

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Source: HighBeam Research, Business and credit challenges in China today.(INTERNATIONAL)

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