China's local governments struggle with hidden debt
Tackling the mountain of hidden debt accumulated by China's local governments is, once again, at the top of the political agenda.
Tackling the mountain of hidden debt accumulated by China's local governments is, once again, at the top of the political agenda.
Selling on credit is inherently risky. Every time you offer credit, you run the risk of late payments or even default, both of which can put pressure on your cash flow.