10+ Chinese automakers promise shorter payment periods as pressure mounts on suppliers

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More than a dozen major Chinese automakers, including BYD, Geely and Xiaomi, have pledged to settle payments to their suppliers within 60 days — the latest development as Beijing vows to take strict measures to contain increasingly disorderly, vicious competition in the auto industry. The commitments align with new rules introduced in March and effective[…[…
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作者 gocpmall