An increase in overdue payments in the construction sector coincided with rising bond defaults in mainland China last year, especially by heavily indebted state-backed companies in the construction and real estate sectors. Photo: Xinhua
China’s credit risks are down in most sectors, but payment delays persist in construction and energy, survey finds
- Newly released poll of 600 companies across 13 sectors in China finds that Beijing’s stimulus measures to support the economy have largely eased credit risks
- Survey attributes payment delays to customers’ financial difficulties, as some had no access to government support
An increase in overdue payments in the construction sector coincided with rising bond defaults in mainland China last year, especially by heavily indebted state-backed companies in the construction and real estate sectors. Photo: Xinhua
