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Methods of payment when importing goods from China

Author

Listed:
  • Tat’jana Pavlovna Basilashvili

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Joseph Ruvimovich Gililov

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Yuri Anatolievich Savinov

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Evgenija Vadimovna Taranovskaja

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

China has become a major exporter of goods in the world economy supplying the foreign markets with production equipment and consumer goods. Chinese firms use both traditional sales channels providing for direct shipment from the exporter to the customer as well as indirect ones with the use of intermediaries. But in any case, there is an issue of choosing the most optimal payment instruments. The authors consider the nature and features of payment in inter-corporate B2B trade (bank transfer, letter of credit, collection) and when selling to end users (B2C) (pay- ment by bank cards and bank transfer).

Suggested Citation

  • Tat’jana Pavlovna Basilashvili & Joseph Ruvimovich Gililov & Yuri Anatolievich Savinov & Evgenija Vadimovna Taranovskaja, 2017. "Methods of payment when importing goods from China," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 6, pages 75-83, June.
    • Handle: RePEc:alq:rufejo:rfej_2017_06_75-83
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