03/25/2024
Economic Publications
2024 China corporate payment survey:
Coface's survey on payment behaviour shows that more companies are prepared to grant payment terms in 2023, but that they have shortened the average term from 81 to 70 days.
- 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.
- More than half of our respondents expected business conditions to improve in 2024, even if the demand slowdown was anticipated to be more acute this year. Fierce competition was still seen as the biggest risk to business operations in 2024, but was expected to ease from 2023.
Contact
Diana OROS
Marketing and Communications Specialist
42 Pipera St., 6th Floor - 020112
District 2 - Bucharest
ROMANIA
T: +40 37 467 08 86
Email: diana.oros@coface.com
