2024 China Corporate Payment Survey: Payment delays continued to shorten, but corporates increasingly cautious
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 delays (ULPD, above 180 days) continued.
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