China Fast Figure: Industrial Receivable Aging

Waiting to get paid in China is get longer in some sectors

f the major industries manufacturing is waiting the longest to get paid in China. Manufacturing remains at elevated levels, yet decreased by a few days and stabilized at 47 days. Industry was on par with manufacturing however lower by a few days. Yet, manufacturing and industry are both higher then mining by at least a week. Mining closed a 24 month high of 42 days of receivable aging, but as can be seen in the figure below the momentum was heading down. After a YTD low in February of 33 days, mining increased to 37 days. We have discussed increased credit tightening in China. We believe there is a possibility of shadow credit moving into the supply chain where it is not picked up.

Comments (1)
No. 1-1
MintDice
MintDice

There's a lot to say about China when it comes from different aging. But they are advancing well as a country. They are even trying to compete with things like Ethereum on blockchain technology by using their own platform known as NEO. Interesting read on the article: https://mintdice.com/blog/neo-101-a-guide-to-neo



Gloria Van Rees
EditorGloria Van Rees
New Comment
2
Gloria Van Rees
EditorGloria Van Rees
New Comment
Gloria Van Rees
EditorGloria Van Rees
New Comment
Gloria Van Rees
EditorGloria Van Rees
New Comment
Gloria Van Rees
EditorGloria Van Rees
New Comment
Balding's World
EditorBalding's World
New Comment
Gloria Van Rees
EditorGloria Van Rees
New Comment
Balding's World
EditorBalding's World
New Comment
Balding's World
EditorBalding's World
New Comment