As Economy Slows, Firms Leave Bills Unpaid
(Beijing) – Tight credit and a weak business climate are forcing Chinese companies to neglect their bills, resulting in a surge in many businesses' accounts receivable.
Accounts receivable refers to money owed but not yet collected from a company's clients.
Enterprises are struggling to pay suppliers on time, adding to the financial strain felt by the suppliers, which in turn find it hard or impossible to repay their creditors.
- The Fall of Language in the Age of English
- Ticket to Childhood
- Taking the Next Step in Power Industry Reform
- Protesting Times
- Knives Out
- Men Have Better Chance than Women to Get Job Interview, Study Finds
- Party Legend's Son Denies He Is De Facto Head of Insurance Firm
- Alibaba's Bickering with Gov't Saps Investor Confidence
- Tencent Tops List of China's Most Valuable Brands
- The Little Red Book Turns 50
- Sign up to receive our free daily newsletter
- Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'
- Gov't Had Reservations about Selling Stake in Citic Ltd. to Foreigners
- China Boots Up an Internet Banking Industry
- Caught in Rising China's Centrifuge
- Two-Thirds of Provinces Say They Missed GDP Growth Targets in 2014
- Downfall of Party Internet Policeman 'Helped Lead to National Cleanup Campaign'
- Embattled Founder Securities 'Cannot Reach Its Chairman'
- Lanzhou Shames CNPC Unit for Pollution Crises
- Provincial, Regional Gov'ts Prepare for a More Frugal Future
- Banks Trying Direct Route to Online Future