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2025 China corporate payment survey: Longer payment terms helped mitigate increases in payment delays
- Companies generally extended their payment terms, aided in part by third-party risk mitigation tools that may provide some comfort for suppliers to accommodate client needs.
- Longer payment terms have mitigated increases in payment delays, which rose only slightly from 64 days to 65 days.
- However, if payment delays are added to payment terms, the total average waiting time between product delivery and payment collection increased from 133 days in 2023 to 141 days in 2024.
- Among respondents that experienced ultra-long payment delays (ULPDs, above 180 days), almost half reported late payment worth at more than 2% of annual turnover. This proportion was significantly up from 33% in 2023 and implied a rise in non-payment risk.
Junyu Tan, North Asia Economist at Coface, says: “The collection period for Chinese suppliers lengthened in 2024, due to declining corporate revenues, driven by slower volume growth amid sluggish domestic demand but also by price pressures in an ongoing deflationary environment. While suppliers extended payment terms on average, growing caution was evident as fewer companies offered credit sales. Looking ahead to 2025, 52% of our respondents expected the economic outlook to improve as government stimulus efforts may have bolstered confidence among companies. However, this optimism could be overstated, as stimulus measures have been relatively restrained so far, and tariff risks for trade sectors remain a looming challenge. Coface expects China’s GDP growth to stand at 4.3% in 2025.”
Payment delays[1]: Increasing ultra-long payment delays
Companies generally extended payment terms in 2024, aided in part by third-party risk mitigation tools. The average total payment terms increased from 70 days in 2023 to 76 days in 2024. Thanks to these more generous terms, payment delays remained relatively stable, rising only slightly from 64 days to 65 days. However, if payment delays are added to payment terms, the total average waiting time between product delivery and payment collection, known as days sales outstanding (DSO), increased from 133 days in 2023 to 141 days in 2024, indicating an extended collection period from a year ago.
The share of respondents reporting past dues considerably reduced from 62% in 2023 to 44% in 2024. The duration of delays also remained stable. However, when combined with longer payment terms, the average days sales outstanding (DSO) rose from 133 days in 2023 to 141 days in 2024, indicating extended collection periods.
Meanwhile, among respondents that experienced ultra-long payment delays (ULPDs, above 180 days), 50% reported late payment worth more than 2% of annual turnover. This proportion was significantly up from 33% in 2023 and implied a rise in non-payment risk. Based on Coface’s practical experience, 80% of such delays, above 180 days and exceeding 2% of suppliers’ annual turnover, were not able to be collected.
By sector, the wood industry has experienced the most significant extension in payment delays, primarily driven by the prolonged housing market crisis that suppressed furniture demand and led to a significantly longer settlement cycle for the sector. Meanwhile, the automotive sector faced similar challenges. This was largely attributed to the financial burden on car dealers, who were grappling with losses and capital constraints amid an ongoing discount war aimed at reducing inventory. The construction industry continued to have one of the longest DSO in the survey, reflecting persistently tight liquidity conditions for the downstream.
Economic expectations: Competition to remain intense amid persisting overcapacity pressure
Respondents remained optimistic about the economic outlook over the next 12 months, with 52% expecting business conditions to improve in 2025. Pharmaceuticals remained the most optimistic industry (83%), driven by structural demand from an aging population. Metals ranked second in optimism (72%), likely fuelled by hopes for stimulus measures. Yet, this sentiment may be excessive, as muted demand from the housing construction sector may continue to weigh on real demand. Additionally, rising tariffs between the U.S. and China could exacerbate challenges for metals like steel and aluminium that are subject to higher tariffs. Textiles remained the most pessimistic sector, though fewer respondents expected the outlook to worsen compared to last year, as textile firms may find some relief from moderating raw material costs, with prices for cotton and oil expected to trend lower.
Fierce competition remained the top risk facing corporate operations in 2025, highlighting the persistent challenge of China’s excessive production capacity. Slowing demand ranked as the second-largest risk, particularly for export-oriented firms, which could face heightened trade barriers under a second Trump presidency. It remained unclear whether government efforts to stimulate domestic demand would be sufficient to offset the shortfall in external demand. The sustained gap between supply and demand is likely to push Chinese companies to continue engaging in price competition to drive sales, further intensifying market pressures.
Hashtag: #Coface
The issuer is solely responsible for the content of this announcement.
COFACE: FOR TRADE
As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring. Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets. In 2024, Coface employed ~5 236 people and recorded a turnover of ~€1.84 billion.
For more information, visit 
coface.com.hk
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Coffex Coffee Malaysia to Host “Coffee, Planet and Us 2025” to Champion Sustainable Living
This one-day event is part of Coffex Coffee and MONO Origine’s ongoing mission to advocate for environmental responsibility, ethical practices, and conscious consumption. The platform brings together thought leaders from agriculture, packaging, wellness, and design to explore the role of sustainability across industries.
Kelvin Ngow, Executive Director of Coffex Coffee Malaysia, will deliver the keynote address, setting the tone for a day of meaningful discussion, awareness, and collaboration.
The speaker lineup includes:
- Felipe Croce (FAF Coffees Brasil) – Regenerative farming as a model for climate resilience
- Paul Vaughan (Parkside Flexibles Asia) – Reducing packaging waste through sustainable innovation
- Jaclynnd Wong (Zero Waste Earth Store) – Mindful and intentional waste management
- Irene Lim (KIAN Furniture) – From Sea to Seat : Transforming waste into sustainable furniture and materials
- Dr Janira Kumari (Regen Nutracell Wellness) – Toxin-free living and regenerative wellness
- Dr Leroy Rebello (Biotex Life Inc.) – Insights on integrating biotechnology with wellness and sustainability practices for improved quality of life.
“Coffee, Planet and Us 2025 is more than a gathering—it’s a call to act responsibly for our future, our health, and our planet,” says Kelvin.
Participants will enjoy engaging keynote and speaker sessions, networking opportunities during coffee breaks, and a lunch session designed to spark collaboration among attendees.
Event Details:
Date: 30 April 2025
Time: 10:00 AM – 5:00 PM
Venue: UOW Malaysia, Glenmarie
RSVP Contact: Masrini Elias | masrini.elias@coffexcoffee.com | +60 16-328 2697
Hashtag: #MONOOrigine #CoffexCoffee #Ethicalsourcing #sustainability #ESG
https://coffexcoffee.com/
https://www.linkedin.com/company/coffex-coffee-malaysia/
https://www.facebook.com/coffexcoffeemalaysia/
https://www.instagram.com/coffexcoffeemalaysia/
The issuer is solely responsible for the content of this announcement.
Coffex Coffee Malaysia
Coffex Coffee Malaysia is a leading provider of premium coffee beans and machines, dedicated to quality, innovation, and sustainable practices in the coffee industry. Through events like C.P.U., Coffex Coffee continues its mission to inspire a better, greener tomorrow.
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Coliwoo Strengthens Community Engagement Through Exclusive Upskilling Workshops for Members
- Coliwoo is a leading co-living space provider in Singapore, offering flexible rental solutions with fully furnished units, communal facilities, and a community-focused living experience for professionals, students, and short- or long-term residents.
- Coliwoo organises exclusive upskilling events focused on skill-building, wellness, and networking. It also engages in CSR initiatives, including a three-year partnership with Food from the Heart (FFTH), where members participate in food packing events to support underprivileged individuals.
- Coliwoo is expanding with three new properties at Arab Street, Balestier Road, and Upper Bukit Timah Road, adding over 130 keys. These include a hotel, residence, and serviced apartment, providing more short- and long-term stay options in conservation, heritage, and city-centre locations.
SINGAPORE – Media OutReach Newswire – 8 April 2025 – Coliwoo, a co-living subsidiary brand under real estate management services group, LHN Limited (“LHN, together with its subsidiaries, the “Group”), has introduced a series of exclusive upskilling events to support personal and professional development of its residents, referred to as members. Aligned with Coliwoo’s focus on community engagement and lifestyle enhancement, these events provide members with opportunities to acquire new skills, expand their networks, and participate in structured learning experiences.
Enhancing the Co-Living Experience Through Learning and Engagement
Coliwoo supports self-enrichment through exclusive upskilling events, skill-building sessions, cultural activities, and wellness programmes. These initiatives provide members with opportunities to enhance their personal and professional growth, catering to a diverse demographic, including students, working professionals, and expatriates.
By hosting these events at various Coliwoo locations, members can develop new skills and stay updated with industry trends. This approach aligns with Coliwoo’s commitment to integrating lifestyle experiences with flexible accommodation options, including studio apartment rentals, to support continuous learning and development.
“Coliwoo’s upcoming workshops provide our members with practical learning experiences led by industry experts. These events reflect our commitment to fostering a connected and engaging co-living environment,” shared Darren Loh, Chief Strategy Officer at Coliwoo.
Community Engagement and Future Initiatives
Coliwoo provides outdoor activities such as hiking and cycling, allowing members to explore new interests while complementing their living experience.
Coliwoo also engages in Corporate Social Responsibility (CSR) efforts, including a three-year partnership with Food from the Heart (FFTH), where members participate in food packing events to support underprivileged individuals. Looking ahead, Coliwoo plans to expand its efforts by introducing new themes and strengthening partnerships with external facilitators. These initiatives will evolve based on member feedback, aligning with Coliwoo’s commitment to continuous learning and engagement.
Coliwoo’s Expansion and Upcoming Properties
Coliwoo continues to expand its co-living portfolio, introducing new properties to accommodate a growing demand for flexible and community-driven living solutions. In the coming months, Coliwoo will launch three new properties at Arab Street, Balestier Road, and Upper Bukit Timah Road, adding over 130 keys to its operations. These projects will include a hotel, a residence, and a serviced apartment, catering to various lifestyle needs.
Located in conservation, heritage, and city-centre areas, these properties will provide fully furnished units with modern amenities, offering both short- and long-term stay options. As Coliwoo expands, it remains committed to enhancing the co-living experience by integrating convenience, community engagement, and lifestyle-focused living across its properties.
For more information, visit Coliwoo’s website or follow its official social media channels below:
Facebook: @Coliwoo
Instagram: @coliwoosg
LinkedIn: @coliwoo-singapore
YouTube: @Coliwoo Singapore
Hashtag: #Coliwoo
The issuer is solely responsible for the content of this announcement.
About Coliwoo
Coliwoo is a 
co-living subsidiary brand under the real estate management services group LHN Limited, offering flexible living solutions through thoughtfully designed and retrofitted spaces. As Singapore’s largest co-living operator, Coliwoo provides a range of accommodations, including co-living spaces, hotels, and long-term serviced apartments in Singapore, catering to professionals, students, and both short- and long-term members.
Strategically located near business hubs, educational institutions, and transport links, Coliwoo’s properties feature fully furnished units with communal amenities such as kitchenettes, lounges, and gyms. High-speed internet and dedicated workstations support remote work and study needs, while transparent pricing with no agent fees ensures a seamless rental experience. Coliwoo also welcomes short-term guests, including concertgoers, holiday travellers, and staycationers. With upcoming properties in Arab Street, Balestier Road, and Upper Bukit Timah Road, Coliwoo continues to expand its well-connected and practical co-living offerings.
Media OutReach
Rallying the World to Keep Up: Announcing New Advisors and Creators for the HKSTP I&T Powerhouse, Propelling Homegrown Startups Towards Global Success
New global thought leadership series spotlighting the HKSTP I&T powerhouse, uniting its soft power of visionaries to rally the world to keep up with Hong Kong’s innovation
HONG KONG SAR – Media OutReach Newswire – 7 April 2025 – HKSTP’s Keep Up global brand campaign has taken the world by storm, reaching over 19 million people across 240+ destinations worldwide since its launch in July 2024—a testament to its vision of going global.
The momentum continued with the launch of the HKSTP I&T Powerhouse at the Dawn of Visionaries event last Friday, signifying new hope and a new chapter. 150 visionaries gathered to celebrate success, reinforcing the soft power of HKSTP’s exceptional network of Advisors, Advocates, Alumni, Mentors, Partners, and Creators—the true essence that defines HKSTP. The HKSTP I&T Powerhouse will unite the visionaries to propel success, providing startups and entrepreneurs direct access to over 500 corporate partners and 1,000 investors worldwide.
Uniting Visionaries to Drive Global Innovation
At the event, Dr. Allan Zeman, Chairman of Lan Kwai Fong Group, and Amb. George Hara, Group Chairman and CEO of DEFTA Partners, have been appointed as Advisors of the HKSTP I&T Powerhouse. Meanwhile, internationally acclaimed photographer and artist Wing Shya has joined the network as Creator, further enriching HKSTP’s vibrant ecosystem.
Dr. Allan Zeman is a renowned entrepreneur with a global presence in hospitality and entertainment across Asia and beyond, he will bring invaluable expertise to HKSTP’s brand positioning and international expansion. Meanwhile, Amb. George Hara, a global leader in venture capital and entrepreneurship, will spearhead HKSTP’s investment strategies, which will be instrumental in driving startups towards global success.
Sunny Chai, Chairman of HKSTP, said “Innovation thrives when visionaries unite. The HKSTP I&T Powerhouse is more than a network—it’s a force of creativity, resilience, and collaboration, lighting the way to a future of limitless possibilities. Together, we turn challenges into opportunities and ideas into impact. Success is all about commitment and persistence—keep up with us, and together, we will make Kong Kong’s innovations shine on the global stage.”
Igniting Global Momentum: Hong Kong’s Innovation Story Told Across Borders
The Keep Up global brand campaign is on a mission to call on like-minded visionaries to stay ahead with HKSTP’s innovations and global impact. Spotlighting the global influence of the HKSTP I&T Powerhouse, HKSTP has launched a new global thought leadership series featuring its visionaries who are pioneering breakthroughs, challenging conventions, and pushing the boundaries of technology.
Hilda Chan, CMO of HKSTP, said, “We are rallying the world to keep up with our I&T Powerhouse. The latest global series brings together influential leaders in high-impact discussions that spark fresh perspectives and foster collaboration. We’re also fusing technology, art, and culture, using bold visual content to reimagine technology through an artistic lens and ignite cultural conversations that will shape the future.”
With the new Creators joining the network, HKSTP collaborates with Wing Shya and Hypebeast to reinterpret technology as artwork through a collection of emotional and abstract photographs. The vision is to inspire the global audience to view technology through a new lens —one that goes beyond just science and innovation.
Doubling down on global thought leadership, HKSTP partnered with The Economist to host a high-profile panel at the 5th Annual Technology for Change, highlighting Hong Kong’s commitment to talent, R&D expansion, and investment growth. Additionally, HKSTP joined forces with Monocle to host the HKSTP I&T Powerhouse Breakfast Club, bringing together 10 esteemed industry leaders. It also featured HKSTP Advisor on The Entrepreneurs, a bespoke radio programme hosted by Tom Edwards, Head of Radio, discussing how innovation and technology shapes Hong Kong’s modern identity.
HKSTP also rolled out the Keep Up with global platforms including Cathay Pacific, South China Morning Post Fortune, Bloomberg and BBC, reaching over 19 million global audience across 240+ destinations.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 as a thriving I&T ecosystem grooming 14 unicorns, more than 15,000 research professionals and over 2,200 technology companies from 26 countries and regions focused on developing Life and Health tech, AI and robotics, fintech and smart city technologies, etc.
The growing engine offers comprehensive support including R&D infrastructure, investment expertise, industry connections and more, in attracting and nurturing talent, accelerating ideation, and commercialising innovation for technology ventures, all with the I&T journey built around key locations across Hong Kong and branched towards Shenzhen to continuously contribute to the development of I&T making a pillar of growth for Hong Kong.
More information about HKSTP is available at 
www.hkstp.org.
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