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China: Non-payment Big Hazard for Business

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SHANGHAI, China (March 4) – Ever since the time of Marco Polo western merchants have salivated over China’s huge potential market for goods to sell. But opium aside, many have found the road to the biggest of marketplaces littered with pitfalls. But arguably the biggest problem is non-payment. Delivering the goods is one thing; getting […]

SHANGHAI, China (March 4) – Ever since the time of Marco Polo western merchants have salivated over China’s huge potential market for goods to sell. But opium aside, many have found the road to the biggest of marketplaces littered with pitfalls. But arguably the biggest problem is non-payment. Delivering the goods is one thing; getting paid for them is another. Over 60% of Taiwan firms operating in China report instances of non-payment by customers. And the Taiwanese, of all people, should be in the strongest position to deal with the Chinese market given that Taiwan shares a common language with its ‘Mainland’ cousin. (MH) source: JPN Bicycle

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