| Journal Call no. | HF5601.N43 |
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| Author | Lehane, Padraig. |
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| Article Title | Making sense of credit information in China / Padraig Lehane. |
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| Is Part Of | The Hong Kong accountant ; v.8, no.5, Sep/Oct 1997, p.90. |
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| Abstract | According to Dun & Bradstreet's International Risk and Payment Review, 50 percent of business transactions in China are financed by letters of credit (L/Cs). Terms for payment are generally between 60 and 90 days. However, local delays of up to one month and foreign exchange bank delays of between one and two months need to be factored into expected cash flow forecasts. Certain specific problems with debt collection in China are identified in the article. |
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