You are here

China has a US$590 billion receivables problem as payments slow

Cash shortages at weakest firms threaten not only banks and bondholders, but also interconnected supply chains

New York

NOT since 1999 have China's companies had so much trouble getting customers to actually pay for what they have bought.

It now takes about 83 days for the typical Chinese firm to collect cash for completed sales, almost twice as long as emerging-market peers. As payment...

Market voices on: