Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (55680)	11/10/2004 4:17:47 AM
From: Raymond Duray	Read Replies (1) of 74559

Yiwu, $100 Billion in dubious accounts receivables is a stunning figure. To put that into perspective, the adjusted value of imports from China to the U.S. for 2003 was $143 Billion. Assuming $40 Billion of the bad debt was accrued in 2003, then 28% of this business is being done without payment. Holy Cow! Source: uschina.org Do you happen to have any URLs to cite backing up this $100 Billion bad debt figure? I don't seem to be able to Google up this information. Thanks for any reply. :) -Ray

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