China is gradually adopting international standards on credit sales which are becoming widespread to meet competition but also due to the cash flow problems of Chinese clients. The trend is also towards improvement with regard to the payment behaviour of companies. But despite these encouraging developments, Chinese companies are expecting the payment situation to worsen in the short-term.
About The Author
Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.
The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.