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 moving corporate credit out of the supply chain appeared first on Asia Times.

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