TechKim

China Pharma Delivers on Improved Financials Promise

All this excitement about accounts receivables possibly turning into bad debt. Basically from what I can gather together. It is the Chinese Government Hospitals that are slow in paying. All the while it is the Chinese Government that is growing the medical service distribution network to a 100% level. American hospitals are basically famous for allowing their vendors to wait nearly six months to be paid. Is it very much different in China? I doubt that CPHI is the only medical supplier that has an account receivable backlog.