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Chinese suppliers extend payment terms to 141 days due to slower revenue growth and demand.
A recent Coface survey shows Chinese suppliers are extending payment terms to cope with slower revenue growth and domestic demand.
The average total payment terms increased from 70 to 76 days, and when combined with payment delays, the total waiting time rose from 133 to 141 days.
Ultra-long payment delays over 180 days affected more businesses, with 50% reporting late payments worth over 2% of annual turnover.
Despite these challenges, 52% of respondents expect business conditions to improve in 2025, though risks like fierce competition and potential tariff issues persist.
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