Reality Check: Corporate Payment Trend and Sectorial Risk in China

The overall payment experience in China has deteriorated in 2013 comparing to 2012. Key messages from the China Payment Survey are:
Average credit terms extended in China has become longer comparing to 2012
Maximum credit terms has generally been lengthened in 2013 comparing to 2012
Overdue situation has also become more common in 2013 comparing to 2012, with a rising concern of management
A higher percentage of respondents told us that the average overdue-period has been lengthened
45% of the respondents told us that they have seen an increase in overdue amount in 2013, comparing to the 56% in 2012
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Julie SOUM
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