The financial crisishasspreadall over the worldand has beguntoaffectthe economy in China. This trend has also created operating difficulties for many Chinese companies. China must engage in cross-border collaboration in order to succeed in the global marketplace. When facing with changing markets or catastrophic risks in China, many strategiesfromSection5canbeusedtoeffectivelymitigatevariousrisks.Usingtheglobal supply chain is a primary instrument for this cooperation, where Chinese suppliers and vendors will benefit a great deal (Jhangiani, 2007). Technological advances on a global scale will enable them to have financial information about importers, pre- and post-shipment funding sources, and competitive intelligence to a degree previously unavailable. Strategies such as information sharing and pooling demand, increased flexibilityand capabilitycanbeemployedtoimprove end-to-endtransparencyleading to more efficient risk management (Wu and Olson, 2007).