“It showed Chinese companies taking the necessary step to strengthen credit management in 2020 due to the Covid-19 pandemic.#Creditterms were shortened in many#sectors, and more credit management tools were deployed, includingthe use of credit insurance and credit reports, alongside debt collection and factoring services. As a result, fewer companies experienced payment delays in 2020 compared to the previous year…” saidBernard Aw, Regional#APACEconomist atCoface.
May 17 - 21 | Because our role as a company goes beyond our economic contribution, we are committed in making Coface a safer place to be yourself. Six months ago, we signed the#LGBT+ Commitment Charter ofL'Autre Cercle.
#Diversityis a fact,#Inclusionis a choice, and it is our choice!
While the#US consumer price index (#CPI)hit the sharpest pace (4.2%) since the onset of the global financial crisis in late 2008, the US Federal Reserve believe the current rise is temporary and will not influence the ongoing loose monetary policy. Most Asian central banks seemed to agree with the Fed, with#SouthKorea,#Indonesiaand#NewZealandkeeping their key interest rate unchanged last week. However,#Chinashowed mounting concerns over the impact of higher commodity prices on Chinese businesses, and has taken action to contain further rises…▶Swipe to check out more in the link