Coping With Late Payment – Managing Asia’s Slow Payers
YoungUpstarts
DECEMBER 22, 2014
China trades with the lowest number of open accounts in Asia, partly because its exports are in such high demand, and partly because China suppliers are short of working capital. On a macro level it has led some countries, like Italy, Spain and Portugal, into a vicious cycle, with billions of dollars tied up in overdue invoices.
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