As trade slows, China rethinks its growth strategy

With Americans pulling back on spending in a tight economy and retailers suffering a dismal holiday shopping season, payment for Chinese goods are being delayed by as much as 120 days after shipping, compared to the typical 30 to 45 days. This is forcing their suppliers to borrow more money to cover the difference, although there are some Chinese suppliers who cannot raise the money and are in turn going out of business.