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  3. China cracks down on big firms delaying payments to cash-strapped SMEs

South China Morning Post

China cracks down on big firms delaying payments to cash-strapped SMEs

Beijing is planning a carrot-and-stick approach to stop large corporations from exploiting their market dominance to delay payments to small and medium-sized enterprises (SMEs) as part of a broader campaign to curb cutthroat competition. “In recent years, we have observed that some large enterprises – in order to save on financial costs and gain a competitive advantage – have exploited their dominant market position to delay payments to suppliers,” said Cao Yuanyuan, director of financial...

Continue with the complete report on the publisher’s website.

Read full article at South China Morning Post
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By South China Morning Post

15 September 2026|1 min read
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Banking & Finance
China cracks down on big firms delaying payments to cash-strapped SMEs
China cracks down on big firms delaying payments to cash-strapped SMEs
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