Abstract Although the foreign trade of China has broken through in quantity since reform and opening-up , it faces many difficulties in the development of quality. In the year of 2006, the exports achieved 1760,000 million dollars, however behind the great achievement is the high bad debt loss rate of 5%. The high bad debt loss rate will effect the long term development of the whole foreign trade industry of China seriously. Therefore, to seek the settlement of the high bad debt loss rate is extremely urgent. This paper analyzes the chief reason of high bad debt loss rate through constructing a model based on the multi-stage dynamic game theory. Besides, we put forward the relevant policy how to prevent the high bad debt loss rate of the foreign trade.
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Received: 22 May 2007
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Corresponding Authors:
CHEN Yu-feng
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