Small business owners in China are struggling with delayed payments that have been made even worse by the coronavirus. Photo: EPA-EFE
Small business owners in China are struggling with delayed payments that have been made even worse by the coronavirus. Photo: EPA-EFE

Coronavirus: China’s cash-strapped companies were struggling to get paid even before the pandemic hit

  • Firms in China are facing increasingly long payment terms, with delays becoming more burdensome for cash-strapped companies due to the coronavirus pandemic
  • New research from insurance firm Coface shows the worsening cash-flow picture for many firms at the end of 2019, which will deteriorate as the economy slows

Small business owners in China are struggling with delayed payments that have been made even worse by the coronavirus. Photo: EPA-EFE
Small business owners in China are struggling with delayed payments that have been made even worse by the coronavirus. Photo: EPA-EFE
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