US EditionChinese suppliers under pressure as payment terms lengthen and competition heats up
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Chinese suppliers under pressure as payment terms lengthen and competition heats up
Chinese suppliers are facing growing pressure to accept longer payment terms from corporate buyers in order to gain an edge on their rivals, a survey by trade credit insurer Coface has revealed. The survey polled over 1,000 suppliers from across all major economic sectors, including transport, automotive, ICT and pharmaceuticals, with turnovers ranging from under Rmb50mn (US$6.84mn) to over Rmb1bn. Three-quarters of those polled mainly do busine…
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