China sees highest level of corporate overdue payments since 2010

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<title>China sees highest level of corporate overdue payments since 2010</title>
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<dateIssued>2014</dateIssued>
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<abstract displayLabel="Summary">Payments that are over 6-months late are considered as highly risky. From Coface's experience, there is an 80% chance that these overdue payments will not be paid at all if this is the case. Moreover,  if the amount of overdue payments exceeds 2% of a company's total sales, it is likely that these companies will have liquidity problems. This is the case of 33% of companies interviewed  a sign of a severe liquidity problems and a high risk of non-payment to their suppliers or borrowing banks or institutions</abstract>
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