“Coface China Corporate Payment Survey 2022 : Longer payment delays and rising credit risks in some sectors”
HONG KONG S.A.R. – Media OutReach – 11 MAY 2022 – Coface’s 2022 China Corporate Payment Survey[1] shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.
