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Euler Hermes - Deutschland AG Friedensallee 254 22763 Hamburg, Germany http://www.eulerhermes.de/
Contact Mr Remi Calvet +33 1 84 11 61 41
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Euler Hermes - Deutschland AG

Euler Hermes: China insolvencies to increase in 2015

Hong Kong and Taiwan companies will need more due diligence into business partners

(PresseBox) (Hong Kong, )
Amid the high profile interest payment default by a property developer, global trade credit insurer Euler Hermes warns of heightened insolvency risk and deteriorating payment terms in China. In 2015, Euler Hermes Economic Research expects the number of Chinese companies filing for bankruptcy to grow +5% (representing an estimate total of 2,760 cases) as liquidity tightens due to the crackdown on shadow banking, overcapacity in the real estate sector and greater fiscal discipline by local governments.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.