;;;Huaxia Bank
China Merchants Bank
Bank of Communications
Citibank
The Hong Kong and Shanghai Banking Corporation
Bank of Beijing
Industrial and Commercial Bank of China
China Construction Bank;;Reading A;Background Information
Risk is the primary concern in payment in international trade. Both the exporter and the importer face risks because of the characteristics of international trade. So business people adopt various terms of payment according to how much risk is involved. Each party seeks a term that is favorable to him or her but that the other party will also accept. To avoid po
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