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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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.

Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.