The Selection of Payment Terms for the Export-Orientated Small and Medium-Sized Enterprises in China: A Comparative Perspective

Abstract

Small and Medium-sized Enterprises are the main force of China's foreign trade. Payment terms are the key issue in international trade since it involves many risks and must be handled with special care. This thesis compared the three traditional payment terms in international trade and put forward the suggestions for the selection of payment terms for the Small and Medium-sized Enterprises in China.
Key words: Small and medium-sized enterprises; Method of payment