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China sets out new financial rules for carmakers
China has tightened payment rules for automakers, setting firm deadlines for accepting parts and closing loopholes that allowed carmakers to stretch supplier payments.
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global.chinadaily.com.cn
China sets out new financial rules for carmakers
China has tightened payment rules for automakers, setting firm deadlines for accepting parts and closing loopholes that allowed carmakers to stretch supplier payments.
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caixinglobal.com
China Tightens Rules to Speed Automakers’ Payments to Suppliers
New guidelines target delays, lengthy acceptance procedures and forced noncash settlements, with tougher penalties for violators
