Coface’s latest survey on Chinese corporate payment behaviour reveals that the average payment terms for Chinese companies increased from 70 days in 2023 to 76 days in 2024. Although payment delays remained largely stable, rising slightly from 64 days to 65 days, Coface calculated that this indicates that the overall waiting time between product delivery and payment collection—including payment delays—increased from 133 days in 2023 to 141 days in 2024. The survey also found that nearly half of respondents who experienced ultra-long payment delays (over 180 days) reported late payments amounting to more than 2% of their annual turnover, a significant rise from 33% in 2023. Coface’s experience shows that 80% of these overdue payments, which exceed 180 days and 2% of turnover, remain uncollected. To read Coface’s news release, with a link to the full report, go to https://www.coface.uk/news-economy-and-insights/china-extended-payment-terms-eased-the-impact-of-rising-payment-delays.