Payment Terms Legislation In China
China
Please see below for a summary of payment terms in China and the various industries across which payment term legislation appears. You can also download a summary of all Chinese payment terms by clicking the button below.
Industries | Laws | Codes | Notes | Interest Rate |
---|---|---|---|---|
Government | ||||
Comm_terms_law | ||||
Construction | ||||
Manufacturing | ||||
Retail_agriculture | ||||
Services |
NOTES
Article 161 of the Contract Law of the People’s Republic of China provides that if the payment time is not stated and additional agreement cannot be reached then payment is due on delivery.
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