Slower growth, rising non-performing loans, RMB and stock market volatility are all concerns for China in 2016 (...)
A survey on corporate credit risk management, to which 1,000 Chinese companies responded, reveals that corporate payments continued to deteriorate in 2015, with 8 out of 10 corporates experiencing overdue payments. Coface, a leading global credit insurance group, forecasts that GDP growth will slow down to 6.5% in 2016 (vs 6.9% in 2015). In addition to the unsolved issues of high leverage and overcapacity in many sectors, downwards pressure on the RMB and stock market volatility are concerns for the Chinese market in 2016. It is not expected that non-payments will improve in the short term.
EasyLiner is an insurance package designed for small & medium companies to protect you against unpaid invoices at home or abroad.
It includes three essential elements to ensure effective management of the credit you grant your customers:
- Information and advice to avoid trading with bad payers
- Collection of unpaid invoices
- Indemnification should collection take too long or fail