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
Topic |   China economy

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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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