Almost 80 per cent of Chinese firms offered payment terms in 2023, up from 50 per cent in 2022, according to a report from global trade credit insurance group Coface.
Migrant workers returning after the Lunar New Year holiday in China have low expectations for a pay rise this year, as the number of jobs is not as high as last year.
As China prepares for its annual legislative sessions, the methods used last year to prop up economic growth appear less reliable than before, prompting calls for a large-scale re-evaluation of policies and prospects.