The Atradius Payment Practices Barometer for May 2018 reports small improvements in China's payment practices, with late payments reported less frequently and a faster invoice to cash turn-around observed. However, the impact of late payment cannot be denied, with a notable percentage of respondents reporting revenue loss. Bankruptcy and failed collection attempts remain the top reasons for write-offs, and consumer durables is once more a problematic sector. GDP growth is estimated at 6.4% for 2018, with machinery/electrical and textiles being the top export sectors, and machinery/electrical and mineral products being the top import sectors. The top export destinations are the USA, Hong Kong, Japan, South Korea, and Germany, while the top import destinations are South Korea, Japan, the USA, Germany, and Australia.
