50% of Asian firms express concern over rising insolvency risks due to China's economic slowdown, say survey results.

A recent Atradius survey indicates that over half of Asian companies are concerned about rising insolvency risks, primarily due to China's economic slowdown. Countries like India, Indonesia, Japan, and Singapore express the most anxiety. The 2024 Atradius report forecasts a 23% increase in global insolvencies, exacerbated by tight credit conditions and weak demand, which currently see late payments affecting 46% of B2B sales in the region.

October 23, 2024
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