in my industry asia tends to skew higher in PT days than west. same exp?
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pt = payment time? I haven't done enough domestic business in China to give you a good answer but that's what I've heard. Lots of crazy crazy credit terms in China. Good way to get
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What's their goal?
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Not lose money when their customers don't pay the balance payment.
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Getting asked for 30% deposits. We were trying to get PPE and one asked 100% down which is insane.
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IMHO, get out of that market. Too volatile. Too risky.
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What were your terms before and what are they asking now?
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n/30. prepay
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