The State Administration of Foreign Exchange recently published the Rules for Trade Credit Statistics and Investigation, effective from the date of issuance.
There are three prominent amendments to the latest edition of the rules. The first is to change the name from the Rules for Trade Credit Investigation; the second is to adopt a new principle that data providers should be payers and payees of trade activities; the third is to further clarify the definitions of such trade terms, such as trade credit, offshore resale and major export countries and regions, and adjust the explanations of such indicators like export receivable account balance/advance receipt balance at the end of a period and import payable account balance/advance payment balance at the end of a period.