2024 China Corporate Payment Survey: Payment delays continued to shorten, but corporates increasingly cautious
- Written by Reporters
- Coface’ survey shows that more firms expressed willingness to grant payment terms in 2023 but they tightened payment terms to 70 days from 81 days in 2022.
- As credit terms shortened, more payment delays were reported in 2023. However, average payment delays decreased to 64 days from 83 days previously.
- The downward trend in ultra-long payment...