Demedia said that the delay in payment by Chinese companies was severely paid on average 92 days.

Core Tip: The reason why China's domestic payment ethics is deteriorating is that economic growth is slowing down. Another reason is that listed companies generally have huge cash inventories and can support deferred payments.
According to a report on July 17, De Media said that according to a study conducted by a well-known international credit insurance company based in Paris, the low morality of payment in China is worsened due to the weak economic climate. Ranked at the bottom of the 36 countries surveyed.
According to a report by the German Voice Radio website on July 14, a research report released by the internationally renowned credit insurance company Yuli Anyi on July 14th, currently, in China, the bill will be paid off after an average of 92 days, compared to 2015 ( The average of 88 days) dragged on for a long time.
According to the report, bills worldwide will be paid within an average of 64 days. Yuli Comfort is a subsidiary of Allianz, the world's largest commercial insurance company.
Su Li, chief economist of Yuli Anyi, said that the reason why China's domestic payment ethics is deteriorating is that economic growth slows down. Another reason is that listed companies generally have huge cash inventories and can support deferred payments. Since 2010, the cash inventories of listed companies have doubled. In this way, they especially have the means to invest overseas. In addition, they have the ability to replace bank loans with long-term payment targets, thereby supporting customers. In China, the conditions under which banks provide loans are very demanding.
According to the report, statistics show that the average payment period in China's electronics industry in 2015 was 139 days, the machinery manufacturing industry was 134 days, and the construction industry was 109 days.
Yuli An Yi expects that in addition to China, the ethics of payment in countries such as Brazil, Turkey and Saudi Arabia will also deteriorate significantly. On the contrary, Germany, like many other European countries, will continue to be a traditional “fast payer”. According to the report, in 2015 and 2016, listed companies in the Federal Republic of Germany paid their bills on average within 53 days, ranking 13th among the 36 countries surveyed.
According to the report, the leader in the “quick payer” is Austria, which can be settled on average for 44 days.

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