Beijing is tightening payment rules as industrial receivables approach 29 trillion yuan
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China is ordering centrally administered state-owned enterprises (SOEs) and government procurement projects to pay small suppliers in cash, stepping up a campaign against chronic payment delays that have strained businesses.
A new six-month cap on supply chain financing exposes the toll of unpaid local government bills on state contractors
New guidelines target delays, lengthy acceptance procedures and forced noncash settlements, with tougher penalties for violators
The proposal from two industry associations echoes government efforts to ease financial strain on upstream companies and comes as…
China has tightened payment rules for automakers, setting firm deadlines for accepting parts and closing loopholes that allowed…
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