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China’s credit risks are down in most sectors, but payment delays persist in construction and energy, survey finds

Summary:
[unable to retrieve full-text content]Given Beijing’s stimulus measures to support the economy, Chinese credit risks appear to be on the decline, but there is still considerable exposure in China’s construction and energy sectors, according to a new survey.Although fewer companies experienced payment delays in 2020 compared with 2019, the proportion of firms in both the construction and energy sectors that reported payment delays longer than 180 days on invoices totalling more than 10 per cent of their annual turnover doubled to…

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[unable to retrieve full-text content]
Given Beijing’s stimulus measures to support the economy, Chinese credit risks appear to be on the decline, but there is still considerable exposure in China’s construction and energy sectors, according to a new survey.Although fewer companies experienced payment delays in 2020 compared with 2019, the proportion of firms in both the construction and energy sectors that reported payment delays longer than 180 days on invoices totalling more than 10 per cent of their annual turnover doubled to…

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