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China since the 1980's has been an ascending economic power. The virtuous economic spiral entails building productive capacity along with building foreign markets. Over time
China since the 1980's has been an ascending economic power. The virtuous economic spiral entails building productive capacity along with building foreign markets. Over time as the companies accumulate profits and China accumulates foreign reserves, more is invested in developing and buying technology and know-how which adds to more productive capacity and greater competitiveness. Chinese companies have also been expanding overseas setting up foreign subsidiaries mostly to distribute their products in the various regions. In the earlier years when China was less developed, local banks would give little support to these Chinese foreign subsidiaries. The stronger Chinese companies with good credit standing are likely to provide which of the following: Group of answer choices Letter of Comfort Demand Guarantee Corporate Guarantee Standby Letter of Credit (SBLC)
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