South China Morning Post reported that payment delays of payment due from Chinese companies increased from 36% in 2020 to 42% in regions hit by COVID-19.
The pandemic has disrupted supply chain and led to decline in business and corporate structural adjustment. HKCCMA advises businesses to closely monitor payment performance of customers affected by the pandemic to ensure sound cash flow management.
Please click the link here to find details: https://www.scmp.com/economy/china-economy/article/3177175/chinas-business-woes-worsen-overdue-payments-mount-and-get
P.O. Box 2679, General Post Office, Hong Kong.
enquiry@hkccma.com
