- China Business Blog - http://www.chinabusinessservices.com -

Risky Times (For Payment)

As companies suffer from slowing sales, growing inventories, and failing clients and suppliers, payment risks are at the front of many people’s minds. But it is no longer eager foreign companies that are worried about getting paid by Chinese counterparts. The credit crunch has put the shoe on the other foot, as AFP has recently reported [1]:

Welcome to the new world order. And think about re-evaluation of risk, getting some of that insurance, and a bit of due diligence (more of which might now be required by your Chinese partner). As we reported here [2], times have changed.