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.
- Hidden Anguish
- In Friday's Papers: IBM Workers Strike over Lenovo Deal; Ordos Will Stop Building Homes, Mayor Says
- A French Revolution, Please!
- Lianghui Quotes：March 7
- Egypt's Road to Rejuvenation Is Opening, Veteran Diplomat Says
- Scaffold Collapse
- The Siege of Tsingtao
- The Celestials
- Jilted U.S. Investors and Debtors on the Run
- Lianghui Quotes: March 6
- Sign up to receive our free daily newsletter
- Eyes on the Prize
- Electric Car Charging Stations Powering Down
- Zhou Family Was Influential in Jiangsu City before Corruption Inquiry
- The Logic of the Left in China
- Yuan Won't Overtake Dollar until Changes Are Made, Economist Says
- Caixin Explains: The 'Lianghui' Meetings
- From Tycoon to Target
- Gary Locke Expresses Optimism for Future of Sino-U.S. Ties
- Closer Look: So Who Stops a Run on Yu E Bao Accounts?
- China to Grow at 7.5 Pct and Focus on Reforms, Premier Says