Trade
Exchange Barter Difficult In China
We e-mailed
IRTA member Xi Sun of Beijing Barter (BBI), asking how the barter
business was progressing in Beijing and if he would give us a brief
report. The following was his answer:
Bartering
through a trade exchange is really difficult in China. The largest
exchange in this country has several hundred members, and the
business is on small scale transactions. This is mainly a reflection
of a poor credit environment, usage of alternative currencies not
allowed by the authorities, and people lacking both experience and
confidence in new credit means.
Direct barter
does occur, mainly in the media sector, and there are some web sites
dealing with consumer to consumer barter, but no trade dollars are
involved.
BBI signed a
licensing agreement with XO of New Zealand last May to introduce a
platform so we could provide trade exchange services in Beijing.
For more
information on Beijing Barter go to
www.beijingbarter.com.
