2023 Coface China Corporate Payment Survey : Companies Report Shorter Payment Delays In 2022 And Expect Higher Economic Growth In 2023
Hong Kong SAR – Media OutReach - 23 May 2023 - Coface' survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. Fewer companies faced ultra-long payment delays (ULPDs). Chemicals appeared the most vulnerable sector: 34% of respondents are reporting ULPDs exceedin...
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