This is leading to record amounts of receivables on corporate balance sheets
Fri, May 16, 2014 - 6:00 AM
Slowing cycle: A survey of data on China's 2,300 stock market-listed firms illustrates the impact on corporate payments, with company receivables on average reaching US$160.49 million at the end of last year. - PHOTO: BLOOMBERG
[BEIJING] As China's economy continues to cool, companies are waiting longer and finding it harder to get paid for goods and services they've already sold, leading to record amounts of receivables - and potential write-offs - on corporate balance sheets.