Survey Reveals Increase in Credit Offered by Chinese Firms as Payment Delays Persist

Tuesday, 4 June 2024, 22:00

A recent survey by global trade credit insurance group Coface shows a significant rise in the number of Chinese companies offering payment terms in 2023 compared to the previous year. The report highlights that despite this increase, concerns over payment delays persist, indicating potential challenges in the business landscape.

https://store.livarava.com/eb83b8ad-22bd-11ef-a404-9d5fa15a64d8.jpg — Survey Reveals Increase in Credit Offered by Chinese Firms as Payment Delays Persist

Chinese Companies Embrace Credit Offers

Almost 80% of Chinese firms provided payment terms in 2023, a notable jump from 50% in 2022. This suggests a growing trend towards extending credit to customers to facilitate transactions.

Persistent Payment Delay Issues

However, the survey reveals that payment delays remain a prevalent issue for businesses. This raises concerns about the impact of delayed payments on cash flow and overall financial stability.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.