Debts threaten businesses
By Hu Yuanyuan | China Daily | Updated: 2013-05-27 05:34
In China, although the central government tried to loosen its credit policy, most loans made were actually provided to large companies or State-owned enterprises. Small and medium-sized enterprises are increasingly turning to the informal credit system, which applies usurious rates. There is a strong sign of the deterioration of the payment situation, according to a survey from global credit insurance group Coface. Provided to China Daily |
Customers' financial difficulties main reason for bleak situation
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