TRENDING NEWS: China’s credit risks are down in most sectors, but payment delays persist in construction and energy, survey finds viaSouth China Morning Post
Newly released -Coface China Corporate Payment Survey 2021- poll of 600+ companies across 13 sectors in China finds that Beijing’s stimulus measures to support the economy have largely eased credit risks.
“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!
Coface Asia-Pacific CEO Bhupesh Gupta Wins FWA Male Champion
#Diversityand#Inclusionis one of the pillars of Coface’s culture and our actions in terms of Corporate Social Responsibility#CSR. We are so proud to have ourCoface#APACCEOBhupesh GuptaasFWA Male ChampionbyFWA Singapore - Financial Women's Association. Congratulations!!
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
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