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: 最新高清无码专区| 美女污污视频在线观看| 欧美成人性色生活片| 国产无套粉嫩白浆在线| xxxxx性bbbbb欧美| 日韩欧美一区二区三区在线 | 久久亚洲免费视频| 综合久久久久久久综合网| 女人让男人免费桶爽30分钟| 亚洲欧美日韩中文字幕一区二区三区 | 青青草原精品99久久精品66| 国产精品色拉拉免费看| 一区二区三区观看| 欧美性a欧美在线| 国产女人18毛片水真多1| 中国一级特黄的片子免费 | 日本一区二区三区在线观看视频| 公和我做好爽添厨房| 3atv国产精品视频| 日韩av片无码一区二区不卡电影 | 日本三级在线视频| 亚洲人成网站色7799| 青青草原综合网| 国产精品网址在线观看你懂的| 一本无码人妻在中文字幕免费| 欧美日韩不卡高清| 国产吃奶摸下激烈视频无遮挡| 91丁香亚洲综合社区| 妲己高h荡肉呻吟np| 久久99精品国产99久久6| 最近更新中文字幕第一页| 亚洲激情在线观看| 粗大的内捧猛烈进出在线视频 | 女人双腿搬开让男人桶| 亚洲国产成人精品女人久久久| 色综合天天综合高清网国产| 天堂а√在线中文在线新版| 亚洲a在线视频| 激情五月婷婷色| 全彩调教侵犯h本子全彩网站mj| aⅴ在线免费观看|