The Chinese payment firm, which helps MSMEs conduct cross-border trade, has plans for 200 countries, including Vietnam, Bangladesh, Thailand and Pakistan.
China’s Belt and Road will cut transport times and costs but countries along the trade routes would need to develop better safeguards to address the debt sustainability risks stemming from the project, according to ...
Use of letters of credit (LC) for exports to Bangladesh surged 118% last year, compared with the previous 12 months. Increased trade with China is likely a key driver.