WebDuring 2024, payment delays also deteriorated in China. The proportion of companies experiencing payment delays that exceed 120 days reached 37% in 2024, i.e. 6 points more than in 2024. More ominously, more than a quarter of companies (27%) experienced ultra-long payment delays (ULPDs, over 180 days), which exceed 10% of their annual turnover. WebMay 11, 2024 · HONG KONG S.A.R. – Media OutReach – 11 MAY 2024 – Coface’s 2024 China Corporate Payment Survey [1] shows that fewer firms encountered payment delays in 2024, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2024 to 86 days in 2024.
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Companies marred by payment delays suggest China
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