Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China sees improvement in overdue payments risks in 2016: Survey

Xinhua | Updated: 2017-04-08 10:36
Share
Share - WeChat

SHANGHAI - About 68 percent of Chinese companies experienced overdue payments in 2016, down from the average of 80 percent over the previous five years, according to a survey on China corporate payments by global credit insurance company Coface.

Construction remained China's most at-risk sector in 2016 with 45.9 percent of companies reporting 2 percent or more of their turnover as being overdue for an ultra-long period of time. It will be another challenging year for highly indebted construction corporate in 2017, against a backdrop of tighter monetary and credit conditions.

Only about 40 percent of respondents said they used credit management tools to mitigate non-payment risks, indicating that greater risk management efforts needed to be made in China.

Credit insurance is an effective tool to protect companies against non-payment risks caused by protracted default or insolvency of their buyers. It is commonly used by companies in Europe, and the usage rate can be as high as 30 percent in advanced countries such as France and Germany, according to the survey.

In China, it is estimated that less than 2 percent of export trade is covered by credit insurance, and less than 5 percent of companies use credit insurance to protect what they receive.

"The Chinese market continues to grow and the coverage of credit insurance to support export trade has increased rapidly recent years," the survey said.

"Our group will continue to invest in the China market to help Chinese companies to go global, and offer them credit insurance solutions that aim to protect businesses against the risk of financial default worldwide," said Coface CEO Xavier Durand.

Coface began conducting annual surveys on business payments in China in 2003, aiming of understanding corporate credit management practices and payment experiences across the country.

In the 2016 survey, valid responses were received from 1,017 China-based companies, including private companies, state-owned companies, wholly owned foreign companies and joint ventures.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 中文字幕在线观看网址| 人妻av综合天堂一区| 12至16末成年毛片| 性xxxxx大片免费视频| 亚洲mv国产精品mv日本mv| 男生和女生一起差差差差| 成人综合在线视频免费观看完整版 | 久久久久久久综合狠狠综合| 精品国产三级在线观看| 国产成人综合日韩精品婷婷九月 | 中文字幕91在线| 最新欧洲大片免费在线| 四虎免费久久影院| 五月天综合在线| 我把小yi子cao了小说| 亚洲aⅴ男人的天堂在线观看| 男女一边摸一边做爽爽毛片| 国产精品亚洲专区一区| ww在线观视频免费观看| 日本三级在线观看免费| 亚洲伊人久久大香线蕉啊| 狠狠躁天天躁无码中文字幕| 国产欧美va欧美va香蕉在线| 中文字幕中出在线| 最新更新国内自拍视频| 亚洲欧美日韩精品久久奇米色影视 | 被啪羞羞视频在线观看| 国产熟睡乱子伦视频| 97热久久免费频精品99| 好男人www社区视频在线| 亚洲中字慕日产2020| 男生和女生一起差差在线观看| 国产一级做a爰片在线看| JAPANESE国产在线观看播放| 日日碰狠狠添天天爽不卡 | 黄网站色成年片大免费高清| 国产精品日韩欧美亚洲另类| a毛片免费播放全部完整| 性高湖久久久久久久久aaaaa| 久久久久国色av免费看| 曰皮全部过程视频免费国产30分钟 |