What is the meaning of international debt
International debt, also known as foreign debt, is the amount of debt incurred by residents of a country at any given time. All debts borne by non-residents that have been disbursed and have yet to be repaid with contractual repayment obligations, including the principal that needs to be repaid and the interest that needs to be paid.
Foreign debt (commercial debt collection) collection in English is "International Debt Collection", which is translated as "international commercial debt collection" or "overseas commercial debt collection". Commercial debt collection cannot simply be understood as debt collection. International commercial debt collection refers to the legal conduct of commercial debt collection services through contact and cooperation with overseas commercial debt collection organizations, law firms, detective companies and other institutions, reducing corporate risk rates and bad debt rates, and preventing and circumventing corporate risks due to the use of credit sales. credit risk posed by the method.
The commercial debt collection industry is an important branch of the credit industry. At present, enterprises are facing serious problems of difficulty in collecting commercial debts. Especially after my country's accession to the WTO, the problem of commercial debts has become more prominent, which has seriously affected the market competitiveness of enterprises. At the beginning, the State Economic and Trade Commission, the Ministry of Public Security and the State Administration for Industry and Commerce twice banned commercial debt collection activities because some units and individuals engaged in this business at that time did not act in accordance with the rules of the industry, and thus repeatedly committed serious violations of the law. Discipline and criminal offenses. Today in China, only law firms or lawyers and other legal institutions or individuals can engage in this business.
Credit management branches such as corporate credit investigation, credit management consulting, and credit management training have developed to varying degrees in our country, especially corporate credit investigation and credit rating after ten years of development. After years of development, it has formed a considerable scale in China and cultivated a number of leading enterprises in the industry. With the development of China's social credit system, credit management expertise is becoming increasingly perfect. However, as an important branch of credit management, the commercial debt collection industry not only failed to develop together with other credit management branches, but also encountered policy restricted areas. A socialized credit system without a debt collection industry is an incomplete socialized credit system. The key to the problem is how the commercial debt collection industry itself develops and how the government regulates and manages it.
The latest data from the National Research Institute of the Ministry of Commerce shows, the overseas debt owed by Chinese companies is conservatively estimated to have exceeded 100 billion US dollars, and the new overseas arrears this year has greatly exceeded 15 billion US dollars, and is accelerating growth.
In real life, the large number of overdue accounts receivable and the cumbersome judicial procedures, as well as the "destructive" effect on commercial relationships, have also led to the existence of a commercial debt collection market. And it is expanding.
The development of the debt collection industry is a need for the development of productivity and embodies the requirements of the "Three Represents". As the transmitter and middleman of debt information, modern commercial debt collection can coordinate commercial conflicts and reduce transaction costs. The modern commercial debt collection industry with strict management and standardized operation will not only not disrupt social order, but also be an essential lubricant for the operation of modern commercial economy.
After explaining the full text, I believe everyone can understand what international debt statistics are. International debt is also called foreign debt. International debt statistics can let everyone know the contents of the country's "quarterly external debt statistics" and "public sector debt data". If you encounter such problems in practice or have other related questions, you can also consult an online lawyer on the Legal Savior Network.
