Aside from construction, the car industry is the sector which has one of the worst payment cycles, according to Coface. Photo: Reuters
Aside from construction, the car industry is the sector which has one of the worst payment cycles, according to Coface. Photo: Reuters

China’s private companies making a pig’s ear out of paying their bills as economic slowdown bites

  • Record numbers of Chinese firms are defaulting on their bonds, while also taking longer than ever to pay their suppliers, says trade credit insurer Coface
  • A majority of companies expect lower growth this year, up from a third last year, as private sector bears weight of China’s slowdown

Aside from construction, the car industry is the sector which has one of the worst payment cycles, according to Coface. Photo: Reuters
Aside from construction, the car industry is the sector which has one of the worst payment cycles, according to Coface. Photo: Reuters
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