China is moving corporate credit out of the supply chain
China’s new SME payment rules, released this month, include a financing instruction that deserves scrutiny. Beijing is encouraging large companies to use bank loans and bond financing to replace accounts payable and pay suppliers in cash, effectively shifting the working-capital burden within the economy. When a large company stretches payment terms, the supplier becomes a […] The post China is…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.
