Payment delays have remained largely stable and payment duration improved. Bankruptcy and failed collection attempts remain top reasons for write-offs.
Survey results highlight small improvements for China in 2018 – late payments were reported less frequently, there is a minor decline in the average proportion of overdue B2B invoices and a faster invoice to cash turn-around was observed. However, the impact of late payment cannot be denied with a notable percentage of respondents reporting revenue loss. Bankruptcy and failed collection attempts remain the top reasons for write-offs and consumer durables is once more a problematic sector.
Full Atradius report here: China: late payment still the norm